HMRC Simple Assessment TAX

An Easy Way to HMRC Simple Assessment and Payment of Tax Bill

Self-assessment is a system by which HMRC collects the tax amount. HMRC make it simple by calculating the tax to pay by taxpayer.

In simple assessment an individual receives a calculation of tax to pay for the tax year by HMRC. It is an obligation to pay the simple assessment tax upon receiving the letter from HMRC.

On the basis of the income earned, HMRC makes tax calculation after personal tax allowance. Tax due under Simple Assessment is payable on 31 January (following the tax year end) or three months after the date of simple assessment.

Payment of simple assessment bills can do in following ways:

• Debit or Corporate Credit Card

Payment can use the debit or corporate credit card online. Personal credit card are not acceptable.

• Online or Internet Banking

You can use online banking or internet banking for making the payments.

• Personal Cheque

Cheque payment can do. For that make cheque payable to HMRC and send it to:

HMRC
Direct
BX5 5BD

Make sure to mention your charge reference number, which is written in the simple assessment letter.

Visit GOV.UK for more details on the payment methods

Related: VAT registration in the UK

Research And Development Tax Relief Changes

Having trouble to pay HMRC simple assessment tax?

If you are having some issues or troubles on making tax bill payment contact  HMRC. HMRC will guide you on the payment procedures. It will understand your troubling circumstances. They might also add up more time for making the payments.

Fees or Penalties associated on Simple Assessment

The late payment of tax might add up the penalties. So making the payment on time is what we suggest.

Appeal and Amendments of Self-Assessment

HMRC as well as tax payers has the right to amend the tax returns, after the self-assessment tax has been filed. Once the tax return has been filed, it can be amended within 12 months. Amendments are usually do to correct mistakes and element other errors. 

For making appeal, send a SA370 complete form explaining your appeal to HMRC self-assessment for penalties other than a partnership penalty.

But if the appeal is regarding a penalty to a partnership for late tax return, SA371 form is to be posted for making the appeal.