Question about HRMC and on account payments
Discussion
I recently went to make my July on account payment for self assesment (yes I know I can delay it but want to pay it anyway before I spend it on something else!). My 2020 tax was higher than expected, HRMC have increased my on account payments and charged me interest on the shortfall from January 2020.
In past years, when there has been a short fall in the on account payments because the tax went up from the previous year it became due the following January (i.e. January 2021).
I did claim to reduce the payments on account because of an error in my PAYE tax code for 2019 that I corrected for 2020.
Any ideas on why they have done it different this year? Is it a new process or is it because I claimed to reduce my payments?
In past years, when there has been a short fall in the on account payments because the tax went up from the previous year it became due the following January (i.e. January 2021).
I did claim to reduce the payments on account because of an error in my PAYE tax code for 2019 that I corrected for 2020.
Any ideas on why they have done it different this year? Is it a new process or is it because I claimed to reduce my payments?
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