How do you pay your self assessment tax bill?
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- Опубліковано 3 січ 2023
- How do you actually pay your UK tax bill? Today we’ll take a look at paying a Self Assessment tax bill in the UK. We’ll also take a look at a couple of tips to make sure you’re not paying too much tax! As per usual, I am not an accountant. Always used a good accountant.
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United Kingdom
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#Accounts #SmallBusiness #Tax
Pay by bank is great, I used it for the first time this years return and used it recently to make a large purchase (log burner). It basically sends a request to your bank for the amount you need to pay then you log into your banking app separately and can approve or deny it. You don't actually give them any more details than you would normally to pay using the traditional methods.
Dunno, I'm wary. Entering my online banking logon details via a Government website is a bad move IMHO. I'm probably being paranoid. 😂
@@SmallBusinessToolbox as far as I remember I didn't need to log in to my bank on the HMRC site (I've slept since then it's all a blur 😂) I did the tax side on computer and banking on mobile so two devices which helps with separation. There's a guide on the Worldpay site that explains it. I understand though you can never be too careful sending large amounts of money around!
I’ve always paid directly from my bank account, to HMRC Cumbernauld with my tax reference and it shows up after a couple of days. I’ve never paid directly through their website.
Yeah, that's what I always used to do. They don't seem to advertise BACS as a payment method now. 🤔
Andy, thank you for this video. Just checked my account and have found that I to have been charged interest for late payment back in 2010 and 2011. Be very interested to hear how you get on with HMRC. Cheers Tim
No worries! Hope you can get yours back if it was a mistake!
Thanks for video, maybe you know and can help me,so im already returned tax around 900 this year but when i login i see there is gap in my national insurance history for last year
I believe it's need to be paid class4, but how long take usually?
I've done all my self employed tax, paid tax and national insurance though despite paying around £800 plus national insurance in with my tax bill ... the last 3 years National Insurance still shows as unpaid, as in 'gaps' ... anyone else having this problem?
Defo worth querying that! 👍
I've used pay by bank account a couple of times now which works well. My accountant always tells me to not log in though & you input a reference number instead 🤷🏼♀️ I then log in a few days/a week later to check it's been assigned to my account.
I find they often don't tell you things, I've had it myself where they didn't bother to notify me or my accountant who files my SA, fingers crossed you get it refunded
Yeah, HMRC used to be pretty good for notifications... seems to have gone very quiet over recent years.