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Posted Sat, 15 Jan 2022 16:21:28 GMT by Nick Ball
Tax calculation is showing I owe £2000 for 2020-21 .It then says estimated payment for by Jan31st 22 is £1000 and says note second payment £1000 by 31st of July But the final part says - balancing payment is 2000 for 2020-21 1st payment due of 1000 by January 31st Total due by January 31st is £3000 ?? I don't understand the 2000 is owed payable in two haves but is asking for the total amount plus the January Payment of £1000?
Posted Mon, 17 Jan 2022 15:18:01 GMT by HMRC Admin 18
Hi,

The amount due by 31/01/2022 would be the remainder of any amount for 20/21 which is £2000 plus the first payment on account for 21/22 of £1000.

Thank you.

 
Posted Mon, 17 Jan 2022 15:28:25 GMT by Nick Ball
Thanks I understand I owe for 202/21 which is 2000 but checking my tax which is paye as at now my tax code is correct and looking at my pay to date and tax paid it is on track to pay the correct amount of tax for 21/22 so I wont owe for 21/22 ?
Posted Tue, 18 Jan 2022 11:17:51 GMT by HMRC Admin 17

Hi,
 
If you will not owe anything for 21/22 you can make a request to reduce the Payments on Account :

Understand your Self Assessment tax bill    .

Thank you.

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