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As the title says, I completed my self assessment tax return online a couple of days ago and have a submission receipt reference number to show this. I can also click on the "View your Calculation" link and see what I need to pay before the 31st Jan.
Question is, do I just go ahead and pay this now through "Make a Payment" and entering the calculated amount, or do I wait for some kind of approval from HMRC for my self assessment?
First time doing this, thanks.
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UPDATE: Phoned up and it's sorted now. An option to fill it in should appear on my personal tax account page soon.
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As per the title, I received my UTR a week ago to be able to do a self-assessment for the first time online for property income that I receive.
At the bottom of the letter with the UTR it says "Most people file online. It's convenient, safe and secure. If you have not sent a tax return online before go to online.hmrc.gov.uk/registration to get started."
However, if I go to that address it says: "This HM Revenue & Customs web service is currently unavailable. We apologise for this inconvenience. Some of our online services may be available, please follow the links below to access them. If the service you wish to use is not currently available please try again later." There's a link to online filing, so I click that, log in using my Gov Gateway ID and it takes me to my personal tax account page. I cannot find any link there to input my UTR and file a self assessment. In fact in one section it says that I paid the right amount of tax for the year end 2022 which is not true as I haven't done a self assessment yet.
Alternatively, if I Google HMRC self assessment, and click though the links, I once again end up in my online "Personal tax account" with no option to fill out a self assessment.
What should I do?
Thanks.
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As the title says. I'm fairly sure, although not 100%, that I registered a few weeks ago but still haven't received a letter with my UTR. I checked my email to see if there was any confirmation of me registering for self-assessment, but I couldn't find anything. Does this mean I didn't actually register, or was there not supposed to be any email confirmation?
Thanks.
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Thanks for the information. I will try to call but am very busy and don't have much time to wait on the phone.
After reading through the information in the link you provided, some things have been cleared up but there's still one thing that's not mentioned. In the "income/gain" field, should I only enter the undisclosed income from rent or the total income from that tax year (rent and income from employment). If you could answer that question that would be great!
Thank you!
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Hello,
I'm disclosing undeclared rental income from the past few years. However, it's a little more complicated since I was also employed during that time so I'm struggling to understand how to fill in the forms accurately. Although I was employed, my earnings from employment never exceeded the personal allowance so that should make the calculations a little easier.
After going on the disclosure page and opting to make a full disclosure, I entered the address of the property, when I started letting it out, and then selected the years I wish to disclose. Now I'm on a page titled "Onshore liabilities - Tax year 2020/21" with the following fields to input:
- Penalty
- Income/Gain
- Tax
- Interest
Questions:
1. I was told in a previous post here that the penalty field should be left blank, however if I do that I am unable to move on to the next page. So could I put in an arbitrary figure like 20% and let HMRC work out what is appropriate?
2. In the "Income/Gain" field, am I supposed to enter only my rental income for that year, or my rental income AND earnings from employment? I think it should only be rental income, as HMRC already have a record of my earnings from employment, but I'm not 100% sure.
3. Similarly, in the "Tax" field, am I supposed to work out tax due on solely the rental income, or rental income AND earnings from employment? I assume in this case, since it is me that needs to work out the tax due, I need add both the rental income and employment earnings together.
4. For the "Interest" field, I'm using the 23 year calculator that the Let Property Campaign information page linked to. If I enter a value for tax due for the year ended April 2021, say £1000, and press "next" to enter the payment date, a table appears below that states "Interest on balancing payment - £1". However further down it states "Total interest chargeable on balancing payment for tax year ended 5 April 2020 - £1.58" and also "Interest due on first payment on account due for tax year ended 5 April 2022 - £0.79". So what should I enter in the "Interest" field on the disclosure webpage, £1, £1.58, £0.79, or some other combination of those amounts?
Sorry for the amount of questions here. Any help would be much appreciated, thank you.
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I tried leaving it blank, but I can't go onto the next page until I enter in a value for penalty.
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But it asks for me to input a penalty rate in %. Should I leave it blank?
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I just requested my employment record for the past 8 years through the subject access request form but I was wondering how long it will take and also if I will receive it by post or by email.
Thanks.
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Hello,
I'm making a full disclosure under the Let Property Campaign going back a fair few years but have hit a bit of a road block. I've entered the years I want to disclose, and now it's gone on to the first of those years and asked me for penalty, income/gain, tax, and interest.
How do I calculate these? I've only got figures for rental income, expenses, and income from employment for every year. I'm a little lost.
Thanks.