Self assesment - under paid by 1p...
Discussion
Not sure what the correct forum for this is, but...
Had a nice letter from the tax man saying I under paid on my self assessment by 1p. Which is nice.
It does say that as its a small amount, I can pay it next time, and pay interest on it.
Does anyone know if I can just pay the 1p next time in addition to the next amount due, or will they fine me/charge large amounts of interest? I guess not, but you never know with HMRC.
Thanks
Had a nice letter from the tax man saying I under paid on my self assessment by 1p. Which is nice.
It does say that as its a small amount, I can pay it next time, and pay interest on it.
Does anyone know if I can just pay the 1p next time in addition to the next amount due, or will they fine me/charge large amounts of interest? I guess not, but you never know with HMRC.
Thanks
Fish said:
I had that before and rang up saying what a waste. Anyhow they said the above, wouldn't write the amount off and would charge interest. I wasn't happy with interest so in a mood paid them a 2p coin and god a full receipt and a cheque for the 1p change......
Probably employed three staff on £20k each to sort that for you.mrmr96 said:
Hedders said:
I wonder how much money would be saved by writing a line of code into their database that automatically wrote off all debts under £1?
Good question.This farce (as it will have happened more than a few times) will cost them a lot of tax payers cash over the years..
f
king time wastersBefore the introduction of Self Assessment the Inland Revenue (as was) had a policy of writing off amounts under £20. Becaiuse Self Assessment is largely automated, they abolished this sensible approach and now leave all debts lying on the books.
So, yes, they will charge inteterst on the 1p amount and yes, it could cause you a problem at a later date if you were relying on a clean bill of health from HMRC - such as when applying to be a Sub-Contractor in teh Construction Industry.
So, yes, they will charge inteterst on the 1p amount and yes, it could cause you a problem at a later date if you were relying on a clean bill of health from HMRC - such as when applying to be a Sub-Contractor in teh Construction Industry.
Eric Mc said:
Before the introduction of Self Assessment the Inland Revenue (as was) had a policy of writing off amounts under £20. Becaiuse Self Assessment is largely automated, they abolished this sensible approach and now leave all debts lying on the books.
So, yes, they will charge inteterst on the 1p amount and yes, it could cause you a problem at a later date if you were relying on a clean bill of health from HMRC - such as when applying to be a Sub-Contractor in teh Construction Industry.
Thats good to know - I'm leaving the country at the end of August so want my tax affairs sorted. I guess I'll send them a cheque!So, yes, they will charge inteterst on the 1p amount and yes, it could cause you a problem at a later date if you were relying on a clean bill of health from HMRC - such as when applying to be a Sub-Contractor in teh Construction Industry.
It is actually my accountants fault - I paid what they told me and they submitted the return. Perhaps I'll get them to pay it for me
joewilliams said:
One of our client companies received escalating demands for an outstanding sum of £0.00. No amount of phoning or writing could clear it out of the system, so we sent a cheque for the full amount. That seemed to satisfy them 
That's the really annoying thing, it would be bad enough if they were only wasting their own time, how much money does this cost the private sector in wasted man hours FFS!Gassing Station | The Lounge | Top of Page | What's New | My Stuff