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Posted Wed, 30 Oct 2024 20:30:30 GMT by Evelyn
Dear HMRC, I am not looking for specific or tailored advice, but because there is a piece of information on the Income Tax Self Assessment website that is not clear, I hope HMRC can help explain it. The following is just an example. I have completed the tax return for 2023/24, but have not yet submitted it. The calculation result of the tax return is that my tax payable for 2023/24 is £30,000, plus the first payment of 2024/25 is £15,000, and I should pay £45,000 before 31 Jan 2025. However, I have already paid the first payment of 2023/24, which is £10,000, and the second payment is also £10,000. I want to know,if I submit the return, will the tax payable automatically be reduced by the first and second payments? Many thanks.
Posted Wed, 06 Nov 2024 08:10:27 GMT by HMRC Admin 17 Response

Hi ,
 
That's correct - your calculation will show the £30,000 calculated as due for 23/24, but when you actually submit your return,

the amount requested for payment should be £25,000 - the remaining £10,000 for 23/24, plus your 1st 24/25 POA of £15,000.

Thank you .

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