Self Assessment and Tax paid on account

polymaff

[Deleted User] wrote:

However, either way, no payments on account would be due for 2018/19 as the liability is too low,

I added that EDIT to try to resolve what seems to be yet another attempt by HMRC to bury bad news.

It looks to me as though HMRC are attempting to run two PoA systems in parallel. One is still based upon the £1,000 / 80% crtieria, but alongside it they seem to be running a system which is "whatever your positive Tax Computation is for this year will be your PoA for next year - irrespective of amount". If this is true then the visible PoA of £1,000 / 80% is totally irrelevant now.

And this OP will be under PoA.

polymaff

pramsay13 wrote: »

okay, but OP did not mention the Tax Calculation so until he comes back to clarify I am giving my opinion based on using the self assessment system and checking information using the tax years section of the account.

On MSE many make up their own nomenclature - with resulting ambiguity.


Post #5 to this thread was, in part, an attempt to bring order out of anarchy.

[Deleted User]

polymaff wrote: »

On MSE many make up their own nomenclature - with resulting ambiguity.


Post #5 to this thread was, in part, an attempt to bring order out of anarchy.

Indeed. For the avoidance of doubt (having just filed my brother in law's return) the calculation shows:

HM Revenue and Customs will add this amount to your Self Assessment statement of account. It doesn't include any 2017 to 2018 payments on account you may have made or any other amounts outstanding.

tigerspill

polymaff wrote: »

Just clarify this for us. Do you mean that your tax calculation from your online SA (aka SA302) says £163 in your favour, or do you mean that you've since received an SA Statement of Account (aka SA300) stating that your current balance is £163 in your favour?


EDIT: And have you been notified of any future PoAs?

Hi,

It is your first point - the SA calculated £163 in my favour When I submitted yesterday.

And I haven't been notified of any future PoAs.

tigerspill

PDC wrote: »

As asked. What did you pay this year?
Or more what did you expect to pay/did you work?

Normaly what you are owed is less what you've paid on account, unless you've done no work in 17-18 then I wouldn't expect to get all of that £500 back. I'd guess from your figures you did some work but not as much and the £163 you'll get back would be the portion of the £500 you paid last year that was exess - if that makes sense!

By "this year" do you mean 18/19 tax year? If so, I haven't paid anything yet as I haven't done any calculations as yet.

If you mean for 17/18 - I paid half the PoA in July at £250. Plus the £250 PoA when I completed my 16/17 SA.

tigerspill

[Deleted User] wrote:

Agreed. Either:

the op has a liability of £337 for 2017/18 and, as a result of the payments on account made of £500, is due a refund of £163

Or

The op has a liability of minus £163 and, as a result of the payments on account made of £500, is due a refund of £663.

However, either way, no payments on account would be due for 2018/19 as the liability is too low,

To me, it seems the second. I paid £500 PoA for 17/18. BUT I am actually owed £163 (calculated when I did my SA). So none of the PoA was needed - so to me they own £663.
But I was wondering ig they just send me this or do I need to do something to claim back the £500 PoA that wasn't needed.

polymaff

tigerspill wrote: »

Hi,

It is your first point - the SA calculated £163 in my favour When I submitted yesterday.

And I haven't been notified of any future PoAs.

Looks like you are in for a £663+ rebate.


Well done that man.

tigerspill

Just checked my account and it looks like they will be sending me £665 and not £663. Seems I have received £2 interest.

Thanks for everyone's help.

polymaff

polymaff wrote: »

Looks like you are in for a £663+ rebate.

Well done that man.

tigerspill wrote: »

Just checked my account and it looks like they will be sending me £665 and not £663. Seems I have received £2 interest.

Thanks for everyone's help.

Hence the plus sign on £663+.