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Posted Mon, 01 Jan 2024 16:06:42 GMT by
Hi, I am just doing my second self assessment and am confused with the payment on account I made on the 21/22 return. Let's say may tax owed for 21/22 was £4000. I then had to make a payment on account for 22/23 of £2000. Followed by another £2k on 31st July 2023. Now I have just done my 22/23 return (not yet submitted). Let's say the tax owed is £5k. I am now being asked to contribute £2.5k now and another £2.5k in July 2024. There is no sign of £4k I had paid last year. Surely, my tax owed for 22/23 should be £1k (£5k less the £4k payment on account)? Am I getting this horribly wrong? I just want to know what happened to the £4k I had paid on account as there is mention of it on the return. Thanks Dan
Posted Tue, 09 Jan 2024 15:35:07 GMT by HMRC Admin 32

The payments on account are not shown on the Self Assessment tax calculation, SA302. If the balance for 2022 to 2023 is £5000 and you have already paid £4000 payments on account then it would leave a balance to pay of £1000. This will be shown on your Self Assessment statement were the payments on account made are set against the balance due. 

Thank you.

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