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Posted Thu, 27 Oct 2022 10:57:13 GMT by GMHARRIS
This is probably a stupid question but can I deliberately over pay my self assessment bill and have it treated as a payment on account when there is no payment on account due? I reduced my POA to 0 because I thought I was going back into PAYE work however I'm now doing more freelance than employed. I tried calling HMRC but they said everything is up to date and no POA is due but last year this happened and I got charged interest on the POA that should have existed but I reduced to 0 mistakenly. Long story short, they can't put the POA back on (because I've reduced it to 0) so can I deliberately overpay and have it as an overbalance to cover the POA when I file for 22/23?
Posted Mon, 31 Oct 2022 14:21:07 GMT by HMRC Admin 18
Hi,

You can overpay.  As payments on account may still be due, even after you reduce them to £0.00, you should try to calculate what the payments on account are likely to be and pay that sum or more by the due date.  This may help minimise or stop late payment penalties and interest arising.

Thank you.

 

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