Bluebell74 Yes
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Self Assessment - Payment on Account for the next tax year
I've completed SAs for many years. I always like to settle up by making a one-off payment to HMRC instead of having my tax code altered. For the last tax year 23/24, the SA tax calculation is showing a due amount "X" which is normal. BUT it is also showing an amount "Y" for "1st payment on account for 2024-25 due 31 January 2025". The "Y" value is half of the "X" value. Please can you explain the "1st payment on account for the 2024-25" tax year"? Have I crossed a threshold? Has something changed? Thank you I am a pensioner with untaxed UK interest and some dividend income which I have set to £1 because I'm awaiting the figures from my platform provider. -
Self Assessment and Bonus after leaving the company
Hi HMRC, I left my employer on 30 June 2021. I was part way through the bonus year and had accumulated 25% (3 months). The bonus year ended 31 March 2022. In July 2022, I received a letter and payslip from my old employer saying I'd been awarded a bonus. The payslip shows I paid tax and NI. I haven't received a P60 but I know my companies tax ref. When completing my self assessment for 22/23, I intend to delare the payment/tax under the "employer section" (although I wasn't technically employed when the bonus payment was made) and enter a note to reflect what has happened. Do you agree this is the best approach?