Skip to main content

beta This is a new service – your feedback will help us to improve it.

Payment on Account for FY23/24

bethgrainger
Posted Mon, 19 Dec 2022 09:50:00 GMT by bethgrainger
Any reason why we need to make a payment on account for next FY? I read it was to make payment easier next year. However, I'm quite able to manage my own monies and make full payment next year. Plus, I'm losing any (small) amount of interest on this value and the Government are getting its benefit. Thanks
HMRC Admin 19
Posted Wed, 21 Dec 2022 08:52:25 GMT by HMRC Admin 19
Hi,

The payments on account are required if you meet the criteria. You can see more information here:

Understand your Self Assessment tax bill

Thank you.
bethgrainger
Posted Wed, 04 Jan 2023 15:05:22 GMT by bethgrainger
WarningThis post is currently being moderated and will be visible when it has been approved by a HMRC moderator.
HMRC Admin 32
Posted Fri, 06 Jan 2023 16:18:37 GMT by HMRC Admin 32
Hi,

Payments on Account are required payments if you meet the criteria. If you do not pay them on time you will be charged interest.

Thank you.

You must be signed in to post in this forum.