Self Assessment Bill Returned
Discussion
How did they communicate to you the fact that they said you owed £400"?
Was it a letter?
Was it a statement of account?
Was it based on the details you had submitted on the self assessment tax return. Note that the word "self" in "self assessment" means that you tell THEM what you owe - they don't tell you.
Was it a letter?
Was it a statement of account?
Was it based on the details you had submitted on the self assessment tax return. Note that the word "self" in "self assessment" means that you tell THEM what you owe - they don't tell you.
Eric Mc said:
How did they communicate to you the fact that they said you owed £400"?
Was it a letter?
Was it a statement of account?
Was it based on the details you had submitted on the self assessment tax return. Note that the word "self" in "self assessment" means that you tell THEM what you owe - they don't tell you.
Thanks for answering Eric.Was it a letter?
Was it a statement of account?
Was it based on the details you had submitted on the self assessment tax return. Note that the word "self" in "self assessment" means that you tell THEM what you owe - they don't tell you.
It was at the end of my self assessment, they said I owed them £420.50 (although I'm now beginning to doubt myself).
So I paid it, I got hammered for tax last year so I'm trying to stay ahead of the curve this year.
I only started doing self assessments last year because of the Child Benefit charge.
So, looking through my HMRC account, I came across this page, It says I made the payment on 6 April (correct) but it also says at the top that I made an overpayment for tax year 23-24, this is dated 31 Jan 2025 (I guess because that's the deadline date).
I'm a bit confused now but anyway, the truth will come out in the end I suppose, whenever they calculate my tax for year 24-25.
The strange thing is they returned my £420.50 with no letter, message or email.
Eric Mc said:
How did they communicate to you the fact that they said you owed £400"?
Was it based on the details you had submitted on the self assessment tax return. Note that the word "self" in "self assessment" means that you tell THEM what you owe - they don't tell you.
This isn't correct - you don't tell HMRC what you owe. HMRC will calculate what you owe based on what you report in your self assessment.Was it based on the details you had submitted on the self assessment tax return. Note that the word "self" in "self assessment" means that you tell THEM what you owe - they don't tell you.
See here for more information: https://www.gov.uk/self-assessment-tax-returns
HMRC do themselves no favours how they show information.
For example I owe an amount by July in payment on account. I've paid it so that I know I don't need to worry about it but its sitting on my HMRC as an overpayment that can be immediately repaid. The fact they want it back again by July isn't especially well noted.
I wonder if you have accidently asked for something like this to be repaid?
For example I owe an amount by July in payment on account. I've paid it so that I know I don't need to worry about it but its sitting on my HMRC as an overpayment that can be immediately repaid. The fact they want it back again by July isn't especially well noted.
I wonder if you have accidently asked for something like this to be repaid?
CarlosFandango11 said:
Eric Mc said:
How did they communicate to you the fact that they said you owed £400"?
Was it based on the details you had submitted on the self assessment tax return. Note that the word "self" in "self assessment" means that you tell THEM what you owe - they don't tell you.
This isn't correct - you don't tell HMRC what you owe. HMRC will calculate what you owe based on what you report in your self assessment.Was it based on the details you had submitted on the self assessment tax return. Note that the word "self" in "self assessment" means that you tell THEM what you owe - they don't tell you.
See here for more information: https://www.gov.uk/self-assessment-tax-returns
That changed with the advent of "Self Assessment". In HMRC speak, "assess" is to work out how much tax is owed. The term "self" in front of the word "assessment" is not there as a joke.
The ONLY time HMRC calculates tax on behalf of a taxpayer is -
i) if the tax payer submits a PAPER tax return before 31 October after the end of the relevant tax year.
ii) if the income/allowance claims details submitted to HMRC contain material errors or omissions.
In those circumstances HMRC will isssue their own "calculation" in the form of an SA302 statement. Note that they NEVER call it a "tax assessment" - it is called a "tax calculation". And there are legal reasons why that is the case.
Eric Mc said:
CarlosFandango11 said:
Eric Mc said:
How did they communicate to you the fact that they said you owed £400"?
Was it based on the details you had submitted on the self assessment tax return. Note that the word "self" in "self assessment" means that you tell THEM what you owe - they don't tell you.
This isn't correct - you don't tell HMRC what you owe. HMRC will calculate what you owe based on what you report in your self assessment.Was it based on the details you had submitted on the self assessment tax return. Note that the word "self" in "self assessment" means that you tell THEM what you owe - they don't tell you.
See here for more information: https://www.gov.uk/self-assessment-tax-returns
That changed with the advent of "Self Assessment". In HMRC speak, "assess" is to work out how much tax is owed. The term "self" in front of the word "assessment" is not there as a joke.
The ONLY time HMRC calculates tax on behalf of a taxpayer is -
i) if the tax payer submits a PAPER tax return before 31 October after the end of the relevant tax year.
ii) if the income/allowance claims details submitted to HMRC contain material errors or omissions.
In those circumstances HMRC will isssue their own "calculation" in the form of an SA302 statement. Note that they NEVER call it a "tax assessment" - it is called a "tax calculation". And there are legal reasons why that is the case.
Edited by CarlosFandango11 on Tuesday 23 April 14:05
CarlosFandango11 said:
If you look at my link to HMRC’s website, they literally state that “HMRC will calculate what you owe based on what you report.”
Yes - they will. But they have no legal requirement to do so. It's something they offer as a "helpful service" - especially to encourage people to submit their returns before 31 October..Edited by CarlosFandango11 on Tuesday 23 April 14:05
That was the big legal change with the introduction of Self Assessment.
And note, they DO NOT stand by the accuracy of their calculations. If they make a mistake and get it wrong, it's YOUR fault for not spotting their error.
Gassing Station | Finance | Top of Page | What's New | My Stuff