Reduce Payments on Account 的申請方法

3 thoughts on “Reduce Payments on Account 的申請方法”

1. 

   CC Yuen

   20 January 2025 at 16:21

   Hello SmallFish Ba

   Can I simply pay more to HMRC when I note I reported a wrong figure (I estimated too much) for the reduction on paymnet on account? btw, I really need to send my heartfelt thanks as you really help many HongKongers on tax filing. All my friends watch your channel and learnt a lot. We will definitely need your CGT conversion list for the tax filing for the coming year! To be honest, it’s very painful when doing tax filing in the UK 🙁

   Million thanks!!

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   1. 

      小魚爸 SmallFishBa

      20 January 2025 at 17:39

      Hi CC Yuen. I am not 100% sure, but I think so. The letter from HMRC states:

      “If you have to make a final payment of tax for the year, after paying your two reduced payments on account, then you have reduced them by too much. If at any time, you realise that you have reduced your payments on account by too much, you should pay the extra (up to the amount of the original payments on account) as soon as possible. This is because we charge interest on any tax paid after the day it was due. ”

      Thank you for telling me my videos have helped you and your friends.

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      1. 

         CC Yuen

         20 January 2025 at 17:54

         Thanks for your swift reply, SmallFish Ba🥰

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