Self Assessment - ammending the calculation

thenap80

So this evening I submitted my SA on ABRATAX software because I live abroad. I had to fill in some CGT fields. I submitted and peculiarly it was saying I owed an extra 1000£. But I submitted nonetheless with it saying  that was due. 

I have now amended the calculation and resubmitted as a revised SA submission. 

Do i still need to pay the 'payment due' on the first submission so as not to be 'late' paying? And then have it refunded at a later date...I don't want an automatic penalty for late payment. 

Nomunnofun1

thenap80 said:

So this evening I submitted my SA on ABRATAX software because I live abroad. I had to fill in some CGT fields. I submitted and peculiarly it was saying I owed an extra 1000£. But I submitted nonetheless with it saying  that was due. 

I have now amended the calculation and resubmitted as a revised SA submission. 

Do i still need to pay the 'payment due' on the first submission so as not to be 'late' paying? And then have it refunded at a later date...I don't want an automatic penalty for late payment. 

There is no automatic penalty for late payment and never has been. There IS an automatic penalty, however, for late filing of the return. 

A 5% penalty will be levied 30 days after 31st January on any amount for 2023/24 still outstanding. 

Dazed_and_C0nfused

Nomunnofun1 said:

thenap80 said:

So this evening I submitted my SA on ABRATAX software because I live abroad. I had to fill in some CGT fields. I submitted and peculiarly it was saying I owed an extra 1000£. But I submitted nonetheless with it saying  that was due. 

I have now amended the calculation and resubmitted as a revised SA submission. 

Do i still need to pay the 'payment due' on the first submission so as not to be 'late' paying? And then have it refunded at a later date...I don't want an automatic penalty for late payment. 

There is no automatic penalty for late payment and never has been. There IS an automatic penalty, however, for late filing of the return. 

A 5% surcharge will be levied on 28th February on any amount for 2023/24 still outstanding. 

Surcharges were replaced with late payment penalties a while back now.

https://www.gov.uk/hmrc-internal-manuals/self-assessment-legal-framework/salf307

Nomunnofun1

Yes  - being old school I still call it a surcharge. Clearly much younger than I! 

Either way no automatic penalty on 1st February, for example.

Penalties- I think this is the link that you meant to send me. 

https://www.gov.uk/hmrc-internal-manuals/self-assessment-legal-framework/salf308a