How do I reduce my Payments On Account?
If you know your tax bill is going to be lower than last year, you can ask HM Revenue and Customs (HMRC) to reduce your payments on account
Click on SAVE & CONTINUE/VALIDATE MY TAX RETURN
Click on YES to proceed
On the ALMOST THERE page, answer YES to the question Are you claiming to reduce your 2021-2022 payments on account? Then enter the AMOUNT and the REASON
NOTE: If you underpay, you’ll be charged interest.
Related Articles
What are payments on account? And why do I have to pay them? Can I reduce my payments?
You will be required to make payments on account if: your Self Assessment tax bill is more than £1,000; and you pay less than 80% of all the tax you owe through PAYE, for example through your tax code or because your bank has already deducted ...
How do I Add My Payments on Account?
If you're self-employed, please follow the steps below: 1. Click on '+ GROUP' 2. Select 'Payments on Account' from the list of categories and then click 'SAVE' at the bottom 3. Click on '+ ADD' 4. Select 'Payments on Account', fill in the entries and ...
Why are my payments on account not showing?
If you are expecting payments on account but they aren't showing, you might have a question on the Almost There page answered incorrectly. Follow this article to update your account to show the payments on account due: 1. As you can see here, the ...
SA104 : Where can I enter Adjustments to Partnership Profits to reduce the Class 4 National Insurance I need to pay?
Some adjustments can reduce the amount of Class 4 National Insurance contributions you have to pay. These include: • adjustments for changes in accounting practice • certain losses from earlier years • employment earnings included in your profits ...
How do I login to my HMRC account?
To sign into your HMRC Self Assessment Account, or set up a new account, please click the link below: HMRC online services: sign in or set up an account: Sign in to HMRC online services - GOV.UK (www.gov.uk) You will first need to click SIGN IN Next ...