HMRC normally send out a tax statement this time of the year to all self-assessment taxpayers that have submitted a tax return for 2017-18.<\/p>\n
As we reported last week, this will list any balance of tax due for 2017-18 and the amount of any payment on account required for 2018-19 (if any is due). Both amounts will need to be settled on or before 31 January 2019 to avoid interest and possible late payment penalties.<\/p>\n
If you don’t receive a statement, but you know how much you need to pay, simply organise an online bank payment to:<\/p>\n
HMRC Cumbernauld – sort code 08 32 10 – account number 12001039, or<\/p>\n
HMRC Shipley – sort code 08 32 10 – account number 12001020<\/p>\n
If you don’t know which account to use send your payment to Cumbernauld.<\/p>\n
In either case be sure to quote your ten digit Unique Tax Refence number followed by the letter “K”. For example: 1234567899K. DO NOT make a payment without this number as HMRC will not know who to allocate the payment to.<\/p>\n
If you don’t know how much to pay, contact your tax advisor or login to your online tax account.<\/p>\n
Will your income be lower 2018-19 compared to 2017-18?<\/strong><\/p>\n If you believe that your taxable income will be less than the previous tax year, you may be able to elect to reduce any payments on account for 2018-19 that have been calculated as if your tax due for 2018-19 is going to be the same as 2017-18.<\/p>\n Your tax adviser can do this for you or you could contact HMRC’s helpline for advice on how to proceed.<\/p>\n And as we have advised in previous posts on this topic, if you cannot fund your 31 January 2019 tax payment, call HMRC Business Payment Support Service: 0300 200 3835 to organise an agreed repayment schedule. Generally, you will need to clear any arrears before any further tax liabilities fall due for payment.<\/p>\n","protected":false},"excerpt":{"rendered":" HMRC normally send out a tax statement this time of the year to all self-assessment taxpayers that have submitted a tax return for 2017-18. As we reported last week, this will list any balance of tax due for 2017-18 and the amount of any payment on account required for 2018-19 (if any is due). Both […]<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","_links_to":"","_links_to_target":""},"categories":[1],"tags":[],"class_list":["post-3324","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/hebblethwaites.com\/index.php\/wp-json\/wp\/v2\/posts\/3324","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hebblethwaites.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hebblethwaites.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/hebblethwaites.com\/index.php\/wp-json\/wp\/v2\/comments?post=3324"}],"version-history":[{"count":0,"href":"https:\/\/hebblethwaites.com\/index.php\/wp-json\/wp\/v2\/posts\/3324\/revisions"}],"wp:attachment":[{"href":"https:\/\/hebblethwaites.com\/index.php\/wp-json\/wp\/v2\/media?parent=3324"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hebblethwaites.com\/index.php\/wp-json\/wp\/v2\/categories?post=3324"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hebblethwaites.com\/index.php\/wp-json\/wp\/v2\/tags?post=3324"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}