Payment on Account

Hi Tax Advisor, I have a question about payment on account. My 21/22 tax year due amount is £2094.8, so I made the tax payment plus payment on account for 22/23 in total £3142.2 by 31st of Jan 2023. And I submitted my tax return for tax year 22/23 in Jun 2023, the tax due for 22/23 is £2344.2. Could you advise how much I need to pay by end of July 2023? Is it still half of tax amount of 21/22 £1047.40 or the updated tax amount? Thank you. BR

Hi 4Dimension,
It would be half of the amount showing as due for 22/23.
Understand your Self Assessment tax bill
Thank you. 

Hi

It would be half of the total amount due for 22/23.

Thank you

@4Dimension I'm not sure the previous responses were correct. The POA for 2022-23 are based on the liability from the 2021-22 return. Whatever the 2022-23 return shows cannot increase the 2022-23 POA. Based on your original post you had POA for 2022-23 of £1047.40. Your 2022-23 liability is £2344.20 so your 2022-23 POA would each remain £1047.40 and you will have a Balancing Payment of £249.40 to pay in January 2024. You are also likely to have POA for 2023-24 to pay in January and July 2024. You should be able to see the updated position on your Self Assessment account a few days after filing your return.

Hi , Thank you very much for your reply. As I am non resident landlord, I don't have gateway account to see my tax position. In this case, what would you recommend to me to avoid any interest payment? Thank you. 

Name removed admin.

Hi,

If you contact our Self Assessment team online using 'Ask HMRC online' and ask to speak to an adviser, you will be put into the queue for webchat and we can check the position

Self Assessment: general enquiries

Thank you.