Underpayment of tax and collection from future years

by **JJBaumhardt** on Tue Jan 31, 2012 1:39 pm

I submitted my tax return last week and the bottom of the "View your calculation" page says £2646 is due and that I MUST pay by 31 January 2012.

When I filled in the return I asked that any underpayment be taken from future earnings - I assumed by amendment to my tax code.

Does the demand to pay by 31 January over-ride this? Will I be penalised if I don't pay today? Is there some deadline by which I need to have asked for underpayment to be taken from future earnings for it to be effective?

Thanks

JJB

by **Peter D** on Tue Jan 31, 2012 1:50 pm

http://www.hmrc.gov.uk/payinghmrc/taxcode-vdp.htm#1
Under £3,000 can be done via recoding your PA. Regards Peter

by **RAL** on Tue Jan 31, 2012 1:54 pm

You have to file the tax return by 31 December if you want to tax to be deducted via paye.

As you just filed the return, I am afraid you have to pay due tax by due date i.e. 31/01 (02/02 for this year). If you are late by more than 30 days than you have to pay 5% penalty. And there is further penalty as well. You have to pay interest in all cases.

by **Peter D** on Tue Jan 31, 2012 2:10 pm

Although HMRC have extended the filing time to 02/02/12 I have not seen reference to the payment time being extended so if you are going to pay do it today. Regards Peter

by **JJBaumhardt** on Tue Jan 31, 2012 2:13 pm

Thanks RAL

Can you refer me to somewhere on the HMRC website where I can see this deadline? It seems unreasonable for the Revenue to expect me to know about it.

Also does the fact that I wasn't asked to fill in a Tax Return for 2010-11till October make any difference?

JJB

by **RAL** on Tue Jan 31, 2012 2:20 pm

http://www.hmrc.gov.uk/sa/deadlines-penalties.htm

http://customs.hmrc.gov.uk/channelsPortalWebApp/channelsPortalWebApp.portal?_nfpb=true&_pageLabel=pageNoNavigation_ShowContent&propertyType=document&id=HMCE_PROD1_029841

by **JJBaumhardt** on Tue Jan 31, 2012 2:29 pm

Sorry RAL

I wasn't clear enough. I meant where could I find a reference to the December 31st deadline for submitting my return in order to be entitled to collection from future earnings.

JJB

by **RAL** on Tue Jan 31, 2012 2:41 pm

First link then click on the second link "Deadline for sending your tax return" last para in that section.

by **RAL** on Tue Jan 31, 2012 3:29 pm

JJBaumhardt wrote:Sorry RAL

I wasn't clear enough. I meant where could I find a reference to the December 31st deadline for submitting my return in order to be entitled to collection from future earnings.

JJB

http://www.hmrc.gov.uk/sa/deadlines-penalties.htm

Above link then, click on the second link in the page ""Deadline for sending your tax return" last paragraph in that section.

by **JJBaumhardt** on Tue Jan 31, 2012 4:05 pm

Thanks very much for your help RAL

Without your help I would not have found it. You have saved me a few pounds and educated me a little. Pity the Revenue aren't as helpful.

JJB