equationgirl
Respect my existence or expect my resistance
It can't be time already...
For anyone struggling to sort their Tax Return by 31st January HMRC have waived the late filing penalty and late payment penalty for one month. So you now have until 28th February to file and pay.
HMRC gives Self Assessment taxpayers more time to ease COVID-19 pressures
Late filing and late payment penalties are to be waived for one month for Self Assessment taxpayers.www.gov.uk
Nah, you’ve done enough for this year.Why I didn't do mine back in April (given that I had no income for the year in question so it was dead simple) is beyond me, but I did it this morning and the fact it isn't gone 10pm on the last day is something of a feat. I've also paid a bill, done laundry, and cleaned the bathroom basin and the kitchen sink. I should probably try to do some more cleaning this afternoon since I am clearly having a good day for Getting Stuff Done.
Interest still calculated from 1st February.For anyone struggling to sort their Tax Return by 31st January HMRC have waived the late filing penalty and late payment penalty for one month. So you now have until 28th February to file and pay.
HMRC gives Self Assessment taxpayers more time to ease COVID-19 pressures
Late filing and late payment penalties are to be waived for one month for Self Assessment taxpayers.www.gov.uk
Did you tick a box to ask for any overpayment to be repaid to you? If you did, then you just wait for the money to arrive. You'll then just pay the second payment on account in July as normal.Hello.
Just submitted my return. Seems (due to sod all work last period) my tax plus first payment on account is less that the two payments on account I made last year.
Does that mean I just . . . pay nothing? I just wait for my refund and make my second payment on account in July?
I honestly can't remember if I clicked for a repayment to be repaid to me. I know I have done it before, and it asked for my bank details . . . I know that didn't happen this time.Did you tick a box to ask for any overpayment to be repaid to you? If you did, then you just wait for the money to arrive. You'll then just pay the second payment on account in July as normal.
If you didn't tick a box to ask for a repayment now then it's going to be carried forward and will offset the second payment on account in July.
If you didn't tick a box now, you can always log into your tax account at a later date and request the repayment then. Of course, if they pay repay you then, you'll need to pay the second PoA as normal.
No, you don't have to do anything now. You don't need to tell them you're not paying anything now as the Tax Return you've just submitted tells them.I honestly can't remember if I clicked for a repayment to be repaid to me. I know I have done it before, and it asked for my bank details . . . I know that didn't happen this time.
But just to clarify. . . I don't do anything now right? I don't have to tell them that I'm not paying anything?
Oddly though I just went back in to double check. For some reason I found it very difficult to navigate to my summited return, and before I found it I found a section (that I had not seen before) that said I needed to pay X by Jan 31. The amount of X though was exactly the same as my first and second payments on account from the previous year. My only guess is that it estimates an amount based on the previous years advance payments on account, and the system hasn't got my submission yet????No, you don't have to do anything now. You don't need to tell them you're not paying anything now as the Tax Return you've just submitted tells them.
I'd leave it a day for HMRC systems to "capture" the Return info. I don't think all the systems work in real time. Instead, they do regular updates both within and between their systems. It's only after these updates that you can trust the information they give you. Even then, I'm not entirely sure it's always right!Oddly though I just went back in to double check. For some reason I found it very difficult to navigate to my summited return, and before I found it I found a section (that I had not seen before) that said I needed to pay X by Jan 31. The amount of X though was exactly the same as my first and second payments on account from the previous year. My only guess is that it estimates an amount based on the previous years advance payments on account, and the system hasn't got my submission yet????
The HMRC website is unnecessarily difficult to navigate in certain sections. Council websites too. Who makes them?
Holy shit that is terrifying. I could have quite easily been in the same boat were it not for two short lucky jobs. It's not that I wouldn't have been 'open for business', I just wouldn't got any. . . . bloody hell.HMRC are saying I have to pay back all my SEISS grants because I wasn't trading in 20-21. Even with the grants, my self employment income was just shy of £1000 so I ticked the 'less than 1000 from self employment' box, which means you then don't get an option to declare how much you earned and you're classified as 'not self employed'. The tax robots have therefore decided I wasn't entitled to claim the grant. I got the bill today, and it's due by 31st of January.
I don't know what the fuck to do with that. I've amended my return to include my last paid invoice, even though it hit my bank on the last day of the previous tax year so technically shouldn't count, but if your income from self employment fell to zero they want the money back? Fuck that. If they'd given me more than 1000 in SEISS grant I would have declared it but I got 954 quid or something.
Fucking panicking now. I do not have a thousand quid to give HMRC in three days' time or ever.
Holy shit that is terrifying. I could have quite easily been in the same boat were it not for two short lucky jobs. It's not that I wouldn't have been 'open for business', I just wouldn't got any. . . . bloody hell.
Nasty. I am in a not totally dissimilar situation as I was a student for half of this tax year, and I claimed an SEISS grant (only one, which was just after returning to self employment and struggling to pick up any work) - and my total income (excluding student loan) is ridiculously small for the year - but it's a few grand at least so fingers crossed I don't get noticed by any robots.HMRC are saying I have to pay back all my SEISS grants because I wasn't trading in 20-21. Even with the grants, my self employment income was just shy of £1000 so I ticked the 'less than 1000 from self employment' box, which means you then don't get an option to declare how much you earned and you're classified as 'not self employed'. The tax robots have therefore decided I wasn't entitled to claim the grant. I got the bill today, and it's due by 31st of January.
I don't know what the fuck to do with that. I've amended my return to include my last paid invoice, even though it hit my bank on the last day of the previous tax year so technically shouldn't count, but if your income from self employment fell to zero they want the money back? Fuck that. If they'd given me more than 1000 in SEISS grant I would have declared it but I got 954 quid or something.
Fucking panicking now. I do not have a thousand quid to give HMRC in three days' time or ever.