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Self Assessment doesn't add up?
Comments
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Sorry everyone, rechecked my whole form and it says underpayments for previous year included, which adds up, however it still baffles me that this was not mentioned last year when I paid my outstanding balance for 2015/16.0
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Tax underpayments are often collected with a gap year in the middle.
For example if your 2016/17 underpayment could be collected through your tax code it would done via your 2018/19 tax code, starting next April. The current code for 2017/18 wouldn't be adjusted part way through the year to include a new underpayment.
So if you had an underpayment for 2014/15 it would have normally been identified in the 2015/16 tax year and then collected during 2016/17.
But inclusion in your tax code would normally mean your employer deducted extra tax.
Without more info about your tax history - have you done tax returns for a few years? What tax code was issued by HMRC for 2016/17? How was the tax code made up? What tax code did your employer use for 2016/17?0
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