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Tax bill query
monaymadlol
Posts: 417 Forumite
in Cutting tax
Hi I'm a self employed sole trader, completed my tax return last week and rec'd a bill due for Jan. It seems much lower than expected. Not complaining, and I'm sure it's right, but just wanted someone to comment with a quick glance please?
Sorry, I don't have the exact turnover figures to hand but here's the tax I paid, roughly, last few years.
July 2023, £1900 poa due
Sorry, I don't have the exact turnover figures to hand but here's the tax I paid, roughly, last few years.
July 2023, £1900 poa due
Jan 2023, £800
July 2022, £2600
Jan 2022, £4700
July 2021, £1800
Jan 2021, £1500
I'm a basic rate taxpayer, still have student loans to pay (plan 1?).
So 20/21, my net turnover increased above the usual/average by I think £4000-5000 hence the out of kilter Jan & jul 2022 payments.
The 21/22 turnover was roughly the same as 20/21, so at a fleeting glance, does the approx £800 seem accurate? It's the lowest I've seen? Or was I supposed to add the first poa of 1900 onto that? If so, why doesn't it do this on the self assessment bill?
Thanks!
I'm a basic rate taxpayer, still have student loans to pay (plan 1?).
So 20/21, my net turnover increased above the usual/average by I think £4000-5000 hence the out of kilter Jan & jul 2022 payments.
The 21/22 turnover was roughly the same as 20/21, so at a fleeting glance, does the approx £800 seem accurate? It's the lowest I've seen? Or was I supposed to add the first poa of 1900 onto that? If so, why doesn't it do this on the self assessment bill?
Thanks!
0
Comments
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Ps the total bill for 21/22 due came to around just under £6000, excluding previous POA made0
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I suppose it makes sense now...6000-(2600 x2)?0
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I assume you do your SA return online through the Government Gateway? If so, why not just sign in and look at your Tax Calculation? That will tell you exactly how they arrived at those figures0
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