Self Assessment - Second Payment Due by July 31st!?

pennypincher3562

Hi. I have just filled out my self assessment, and the amount owed to HMRC by January 31st falls roughly in line with what I expected.

However, they are saying that they want a 'second payment, payable by July 31st 2019.'!? £541 to be precise.

I've never seen them take a second payment before. What is that all about. Normally I paid them in full on January 31st.

Any ideas what is going on?

Thanks.

Stompa

Does this help?

https://www.gov.uk/understand-self-assessment-bill/payments-on-account

Reed_Richards

I am self-employed and have been obliged to make these payments on account for some years now. The really annoying thing is that when you do your next return you will be asked to make a payment that completely ignores the money you have paid on account and it's up to you to subtract this from the amount being asked for.

pennypincher3562

Stompa wrote: »

Does this help?

https://www.gov.uk/understand-self-assessment-bill/payments-on-account

Yes, that makes total sense. Thanks!

Dazed_and_confused

I am self-employed and have been obliged to make these payments on account for some years now. The really annoying thing is that when you do your next return you will be asked to make a payment that completely ignores the money you have paid on account and it's up to you to subtract this from the amount being asked for.

You are getting two things mixed up.

Your Self Assessment calculation shows the tax and NI, student loan etc, due for a particular year.

Your Self Assessment statement of account shows all your liabilities and any payments made.

Payments you have made would never be part of your actual tax calculation, just your statement of account.

Dazed_and_confused

However, they are saying that they want a 'second payment, payable by July 31st 2019.'!? £541 to be precise.

The amount you have to pay in January 2019 will therefore include £541 as the first payment on account towards your 2018:19 liability.

As well as anything which needs to be paid to finalise 2017:18.

Reed_Richards

Dazed_and_confused wrote: »

You are getting two things mixed up.

Your Self Assessment calculation shows the tax and NI, student loan etc, due for a particular year.

Your Self Assessment statement of account shows all your liabilities and any payments made.

Payments you have made would never be part of your actual tax calculation, just your statement of account.

My Self Assessment calculation tells me how much i should pay by 31st January and how much I should pay by 31st July. Both figures include payments on account which are not the business of the tax calculation but should be shown on the Statement of Account. So from my perspective it's HMRC who are getting two things mixed-up, not me!