HMRC Self assessment 2021

[Deleted User]

bastionH said:

[Deleted User] said:

Check ‘View your calculation’ for the amount which is due. There is no ‘estimated amount’ as you suggest. 

The message is correct as, at this point, no tax is indeed payable as it is not due until 31st January 2022. The account will be updated shortly before that date.

Found it thanks. Is there any reason not to pay it now /before its due?,will it automatically be applied to the bill when it becomes due?. Its less than £1000 and I have the money saved for it.

No reason at all. It will be shown as a credit and a small amount of interest will be earned on your account though until the amount is automatically debited to it (to answer your second question). Hopefully HMRC won’t refund it as happens occasionally.

Jeremy535897

I don't think you get repayment supplement if you voluntarily pay tax before the due date?

[Deleted User]

Jeremy535897 said:

I don't think you get repayment supplement if you voluntarily pay tax before the due date?

Yes - you are correct. They definitely used to though and, presumably, still do if payments on account are subsequently reduced upon filing one’s return? The ? signifies that I am not sure.

Jeremy535897

[Deleted User] said:

Jeremy535897 said:

I don't think you get repayment supplement if you voluntarily pay tax before the due date?

Yes - you are correct. They definitely used to though and, presumably, still do if payments on account are subsequently reduced upon filing one’s return? The ? signifies that I am not sure.

If you pay a payment on account on time that is more than is owed, you will get repayment supplement. That is why I have deliberately not asked for a refund of mine. I can't easily better an utterly secure 0.5% tax free return.

sheramber

bastionH said:

[Deleted User] said:

Check ‘View your calculation’ for the amount which is due. There is no ‘estimated amount’ as you suggest. 

The message is correct as, at this point, no tax is indeed payable as it is not due until 31st January 2022. The account will be updated shortly before that date.

Found it thanks. Is there any reason not to pay it now /before its due?,will it automatically be applied to the bill when it becomes due?. Its less than £1000 and I have the money saved for it.

You could put the money away in a separate bank account and pay when due.

Trob198

Anybody else's being dealt with by a specialist team? just been told that on webchat, not sure what it means but been told to expect a reply by 23/07

jamesieboi46

Trob198 said:

Anybody else's being dealt with by a specialist team? just been told that on webchat, not sure what it means but been told to expect a reply by 23/07

Never got told I was being delayed with by a specialist team but got told security checks which should be completed by 23rd of July aswel not sure what they mean by a reply I will be putting in a formal complaint if not had issued by the 23rd as been told to many different dates, are u expecting ur money by then aswel?

Trob198

jamesieboi46 said:

Trob198 said:

Anybody else's being dealt with by a specialist team? just been told that on webchat, not sure what it means but been told to expect a reply by 23/07

Never got told I was being delayed with by a specialist team but got told security checks which should be completed by 23rd of July aswel not sure what they mean by a reply I will be putting in a formal complaint if not had issued by the 23rd as been told to many different dates, are u expecting ur money by then aswel?

Hello, yes. It says on my 'track your forms' estimated completion 14/07. But nothings been said as of yet. Have to wait and see Friday 

Daftduffy

Another date I've been given 

nicky1990

So they received all my documents back on the 28/05/21 was told would be completed by the 19/07/21. Just been in contact with them as this date has passed and now been passed on to a specialist team with a new date of 13/08/21.