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Posted Mon, 22 Mar 2021 11:26:00 GMT by sap
My self assessment calculated my tax & NI for 2019/20 as £337. I have just got an email to check my annual tax summary and it states the tax/NI as £622. Why are these figures not the same?
Posted Tue, 23 Mar 2021 14:10:41 GMT by HMRC Admin 5
Hello.

An annual tax summary relates to paye income, your self assessment calculation will be based on what you have declared on your tax return.
Both will show a breakdown of how the calculation has been worked out if you feel there has been an error you can call the self assessment helpline on 0300 200 3310 to get clarification on the differences.

Thank You.
Posted Mon, 26 Apr 2021 16:25:29 GMT by sap
I am just completing my 2010-2021 return. Please explain my tax calculation I am getting (I have rounded the figures for confidentiality). It tells me income tax is due on £1,600 but then shows an extra £800 1st payment - what is that? 2020-21 balancing payment £1,600 1st payment on account for 2021-22 due 31 January 2022. £800 Total due by 31 January 2022. £2,400
Posted Tue, 27 Apr 2021 11:59:45 GMT by HMRC Admin 17

Hi,
 
If your tax bill is above £1,000 you will be asked to make two payments towards your tax bill for 2021/22.

See link:

Understand your Self Assessment tax bill .

Thank you.
Posted Tue, 27 Apr 2021 12:12:09 GMT by sap
I understand that - two payments of £800 make £1600 (my income tax due) - so why does it total £2400 which would be three payments?
Posted Wed, 28 Apr 2021 13:24:40 GMT by HMRC Admin 17

Hi,
 
You would be due to pay £1600 by 31/01/2022 to clear your 20/21 tax bill.

By 31/01/2022 you are due to pay the first of the £800 payments.

The second £800 would be due by 31/07/2022.

Thank you.
Posted Wed, 28 Apr 2021 13:33:04 GMT by sap
So, if I pay £1600 by 31/01/22 then I don't need to pay anything else at all on 31/07/22?
Posted Thu, 29 Apr 2021 11:16:21 GMT by HMRC Admin 17

Hi,
 
Your estimated tax bill for 21/22 is £1600. This is covered by £800 on 31/01/2022 and the remaining £800 on 31/07/2022.

Thank you.

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