last year payments on account not showing on this year online self assessment form?

[penelopelondon]

Hiya and please go gentle on me :-)😩

I'm self employed and about to send my self assessment text return this weekend, problem is that advanced money I paid right before last 31st July (that was supposed to be a prepaid advance for this tax year) is not showing anywhere on my form (thus not being deducted) so looks like I'm paying the whole tax for 2023-24 and HMRC is not taking it into account. I read on forums that it's not supposed to show in your online self assessment form.. so where does it show then? Will I get an email right after telling the exact amount once HMRC figures it out?

Thanks for your feedback,
Penelope

After you've filed your return it will explain your tax calculation but won't take into account initially payments on account.

Once you've checked in a few days later it will readjust and only show what you owe. You can however look on the payments section to work out what you've already paid and deduct that from your total owed sum before the readjust takes place.

Annoyingly it takes ages to show payments made too!

Thanks so much, thats really helpful. HMRC should properly update the system so we can see it, unless they like it when we go bonkers or over pay? So anoying.

The tax return calculation (SA302 bit) shows the tax calculated due for 2023/24, and this calculation is regardless of what you may or may not have paid on account.

The payments on account are shown elsewhere on your HMRC online account.

Once you have submitted your tax return and the system updates (usually overnight but sometimes a bit longer) you can look at your 2023/24 tax year position.

Also, the "current position" link in, somewhere over on the right of the screen when you're logged in a computer, will show you the payment that you're expected to make by 31 January which will also include the first payment on account t towards 2024/25.

Yes, as PPs have said,you just need to wait a few days after you've submitted your return, and then HMRC will update your tax account and tell you how much you actually need to pay.

I agree it is ridiculous though. They've had both my payments on account since July 2024, so you'd think that they could say straightaway how much I needed to pay.

Thanks! I've also had those payments on accounts since july 2024, so annoying! Why don't they properly update the system? 😡

Hiya, sorry I have a quick question:

So if I made my first payment on account January 31st (lets say 2000 pounds) then paid the second payment on account July 31st (another 2000 pounds) does that mean I need to subtract 4000 pounds from this years payment?

Thanks! (gosh it's a tad confusing 😂)

@penelopelondon I actually just employ an accountant to do mine. he tells me what to pay and when so all I need to do is forward date both payments on my banking. easiest for peace of mind and not expensive

"So if I made my first payment on account January 31st (lets say 2000 pounds) then paid the second payment on account July 31st (another 2000 pounds) does that mean I need to subtract 4000 pounds from this years payment?"

Doing that would settle your 2023/24 tax bill.
But your first payment on account for 2024/25 is also due on 31 January. And this is normally 50% of your 2023/24 tax bill.

So, if your tax bill for 2023/24 was £5,000 and you had paid £2,000 in January 2024 (first payment on account for 2023/24) and July 2024 (second payment on account for 2023/24), then £1,000 is still due for 2023/24 tax bill. Plus you would also need to pay £2,500 as your first payment on account for 2024/25.
In this example, you would need to pay in total £3,500 by 31 January.

Anyway, once your tax return is processed by the HMRC website - it will tell you what they are expecting (click the link that says "current position" - you may have to click "view account" link first)

Thanks for the explanation, it does confirm what I already suspected 😀