Understanding your Self Assessment statementThis video will help you find answers to the most common questions about your Self Assessment statement, including: 0:00 introduction 0:39 how much you owe 0:57 how to pay what you owe 1:15 how much you’ve already paid 1:32 why there’s a balance due when you’ve already paid 2:24 what to do if you think your ...
How do I pay my Self Assessment tax bill?Learn how to pay your Self Assessment tax bill easily and on time. This video covers: 0:00 overview 0:24 payment deadlines (31 January and 31 July) helping you avoid late penalties and interest 0:41 options for regular payments throughout the year 0:50 different payment methods - including online banking, faster payments, CHAPS, and ...
Viewing your Self Assessment tax return calculationLearn how the UK Self Assessment online tax return system calculates your tax bill. This video explains: 0:00 that the system automatically calculates your tax bill 0:21 what's included in your tax calculation (Income tax, National Insurance contributions) 0:33 payments on account 1:02 how to view and understand your full tax calculation 1:26 the estimated ...
Self Assessment penaltiesDon't risk unnecessary penalties. Watch this video to understand HMRC's Self Assessment penalties and ensure you meet your tax obligations on time. This video covers: 0:12 the importance of the January 31st deadline 0:22 how to check if you need to submit a tax return 0:32 penalties for late submissions (up to ...
How can I appeal a late filing penaltyIf you have received a penalty for filing your Self Assessment tax return late, this video will guide you through the appeal process. Including: 0:00 introduction 0:18 what we mean by a reasonable excuse for late filing 0:32 the 30-day window for appealing penalties 0:38 how to check if you need to send a ...
How to set up a Time to Pay arrangement online for Self AssessmentIf you can't pay your Self Assessment tax bill in full, don’t worry – this video will guide you through setting up a Time to Pay arrangement online. By following these steps, you can create a payment plan that fits your financial situation without needing to call HMRC. We’ll walk ...
How do I budget for my Self Assessment tax bill?Learn how to budget for your Self Assessment tax bill to ensure you meet payment deadlines and avoid fines. In this video, we'll guide you through: 0:17 setting up a flexible budget payment plan using your online account on GOV.UK 0:47 estimating your tax and National Insurance contributions using our online tool ...
What help can I get if I can’t pay my tax bill?If you’re struggling to pay your tax bill, HMRC is here to help. This video explains: 0:10 that we’ll look at your financial situation and how we can help 0:21 options for affordable payment plans 0:29 flexibility in changing arrangements if your circumstances change 0:35 support available for those facing health or personal difficulties 0:47 ...
How do I use the HMRC app to make a Self Assessment payment?Learn how to pay your Self Assessment tax bill using the free and secure HMRC app. This video takes you through the process step-by-step, showing you how to: 0:16 access your Self Assessment summary 0:26 view a breakdown of the payment due 0:34 make payments through online banking or your bank's app 1:14 use ...
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