Very quick question about Payment on Account

RurplePain

So I've paid the full amount for my first payment on account for 2018/2019 and my dashboard now says I'm in credit with said amount and can either leave it so it goes towards my next self assessment or I can request a refund. It still says I currently have no tax to pay.

Have I done this right?

01afraser4

Yes, it will be held on your account as a credit until the 31st Jan when your POA becomes due. The credit will then be allocated against the POA to clear the balance.

RurplePain

01afraser4 wrote: »

Yes, it will be held on your account as a credit until the 31st Jan when your POA becomes due. The credit will then be allocated against the POA to clear the balance.

Thank you! And once again, thank everyone who has helped me with this. I believe this fully answers my question, and can now rest for a little bit, haha. You've all been amazing. Thank you.

Sapphire

I'm also finding the POA business quite confusing at the moment. I pay by cheque each year following receipt of an invoice (which includes the POA sum). However, this year HMRC only sent me an invoice for tax for 2017/18, and no invoice for POA, which I understood was due partly at the end of January and partly mid-year.

I really don't want to have to ring them and be given the run-around, and I don't want to start making payments online …

sheramber

Sapphire wrote: »

I'm also finding the POA business quite confusing at the moment. I pay by cheque each year following receipt of an invoice (which includes the POA sum). However, this year HMRC only sent me an invoice for tax for 2017/18, and no invoice for POA, which I understood was due partly at the end of January and partly mid-year.

I really don't want to have to ring them and be given the run-around, and I don't want to start making payments online …

How much is your total tax lability for 2017/18?

polymaff

Sapphire wrote: »

I really don't want to have to ring them and be given the run-around, and I don't want to start making payments online …

"Look at your Self Assessment Statement, also known as an SA300.

That will tell you by when, and what, you need to pay."

Sapphire

polymaff wrote: »

"Look at your Self Assessment Statement, also known as an SA300.

That will tell you by when, and what, you need to pay."

Where do I find this document (the SA300)? My accountant advised me that I need to make two payments on account, but I usually receive invoices from HMRC for them, one to be paid by end of January, the other mid-year. However, this year I have not been sent an invoice (I only received an invoice for annual tax payment for last year). I do not wish to make the transactions online.

polymaff

How often will I get a Statement?

You can expect to get a Self Assessment Statement:

• within 45 days of a payment becoming due
• when underpaid tax is going to be collected through Pay as You Earn (PAYE)
• when you've paid too much tax
• after a check into your return changed the tax due
• if an entry in your last statement has changed

----

They're dragging their heels this year. If your return was filed online you might like to look at your SA302. Go, online, to your personal tax account, click Self Assessment, click Get SA302 ..., click Continue to your SA302. The SA302 contains "Estimated payment due by 31 January 2019" - but the reference document is the SA300 - and it is the paper SA300 which includes the pre-printed payment slip you non-online payers may need. (you can get one online - but it is well hidden)

If your accountant is a registered agent with HMRC he should also have access to the SA300 ... When HMRC get them out.

A similar fiasco arose in 2011. Then the ever-helpful HMRC said:

“This in no way prevents the accurate payment of tax and no one will be out of pocket as a result. Account information can be viewed on line so it isn’t necessary to wait for a paper statement.

“We very much regret any inconvenience and will send paper statements to everyone who should have one as soon as possible.”

This time it seems to be an even bigger c0ck-up

Sapphire

polymaff wrote: »

How often will I get a Statement?

You can expect to get a Self Assessment Statement:

• within 45 days of a payment becoming due
• when underpaid tax is going to be collected through Pay as You Earn (PAYE)
• when you've paid too much tax
• after a check into your return changed the tax due
• if an entry in your last statement has changed

----

They're dragging their heels this year. If your return was filed online you might like to look at your SA302. Go, online, to your personal tax account, click Self Assessment, click Get SA302 ..., click Continue to your SA302. The SA302 contains "Estimated payment due by 31 January 2019" - but the reference document is the SA300 - and it is the paper SA300 which includes the pre-printed payment slip you non-online payers may need. (you can get one online - but it is well hidden)

If your accountant is a registered agent with HMRC he should also have access to the SA300 ... When HMRC get them out.

A similar fiasco arose in 2011. Then the ever-helpful HMRC said:

“This in no way prevents the accurate payment of tax and no one will be out of pocket as a result. Account information can be viewed on line so it isn’t necessary to wait for a paper statement.

“We very much regret any inconvenience and will send paper statements to everyone who should have one as soon as possible.”

This time it seems to be an even bigger c0ck-up

Thank you very much for the useful information. I really think people should not be penalised if HMRC do not let them have invoices on time. Even my invoice for 2017/18 tax payments arrived at the end of December, whereas before it has always been received at the beginning of December at the latest.

polymaff

You're welcome. My impression is that more than half of SA300s have arrived but, to quote our personal affairs, my wife received her SA300 in early December and the payment data is all there on her HMRC online account - I'm still waiting for my SA300 and there is no data - other than the SA302 "estimate" on my HMRC online account.


The fact that HMRC use a barmy criterion such as "within 45 days of a payment becoming due" when what they should be stating is "no later than X days before payment becomes due" just shows what a useless organisation HMRC is.


By the way, to avoid confusion I'd recommend the use of standard terminology. HMRC do not issue invoices, they issue "Self Assessment Statements" - also known as form SA300.


Well, eventually.


We hope.