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Where Taxpayers and Advisers Meet

Confused on dates for payments on account

archer_oldie
Posts:1
Joined:Mon Sep 21, 2020 10:02 am
Confused on dates for payments on account

Postby archer_oldie » Thu May 19, 2022 5:13 pm

Hello clever people:

Just filled in my SA return for 2021/22 and I owe £1035 in tax. So before the 31st Jan 2023, I owe £1035 plus half on account, £517 = £1552.

I have £1257 in credit so I owe £1552 - £1257 = £295 by 31 Jan 2023.

2nd Payment on account of £517 would be due by 31 July 2023.

Is this right, only HMRC are saying this:

Your balance

You are £739.67 in credit and you owe £517.53.

Your bill will be paid on 31 July 2022. You can leave the £222.14 that will be left in your account and it will be credited to your next Self Assessment bill. Or you can claim a tax refund (opens in new tab).

Thanks

robbob
Posts:3228
Joined:Wed Aug 06, 2008 4:01 pm

Re: Confused on dates for payments on account

Postby robbob » Fri May 20, 2022 9:34 am

That wording is confusing - best to drill down to the tax due tax in the view account / tax years / section and see exactly what bill is for each year and what if anything has been allocated as paid against those bills.
In summary there should be payments allocated and unalocated credit matching what you have paid


If its as simple as you suggest with no prior years tax complications or payments on acount having been due ye 5/4/2022 and each years calcs tally up - i would ignore the presentational anomaly. I would hope it would partly be explained by how payments have ben allcoated or if you can click on those sums if it lets you. It does seem slightly "odd"

bd6759
Posts:4262
Joined:Sat Feb 01, 2014 3:26 pm

Re: Confused on dates for payments on account

Postby bd6759 » Sun May 22, 2022 9:37 am

You are confusing POAs for 2021-22 with those for 2022-23


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