Self-Assessment

[curlyfries81]

I have underpaid tax to the tune of £3,353. I know I have to pay it all back by 31 January 2025. 

I also have to pay back all my child benefit as my earnings for last year were over the threshold. In order to do this I have had to register for self-assessment which I have done and I have received a UTR number. I have not received a confirmation email and cannot view the form online (it doesn't appear to be there) but surely if I have been given a UTR number, this means it went through okay? 

What I also want to know is when do I have to pay the child benefit back by?  Is it also 31 January 2025?

Thanks - I'm a bit clueless about these things.

[DDIL]

Child benefit needs to be paid back within 30 days of the date of the overpayment letter

 

[curlyfries81]

I haven't had an overpayment letter. I received a letter stating that I need to register for self-assessment which I did but I've never had so much as a confirmation email after submitting the online form. I've received no communiqué stating when the money has to be paid back by. 

[bednobs]

im sure ours has been incorporated with the tax bill and paid together

[DDIL]

HMRC
Telephone: [phone]
Monday to Thursday, 8:30am to 5pm
Friday, 8:30am to 4:30pm
Find out about call charges

[curlyfries81]

Thanks to you both. I suspect that the two can be paid together but I will call to check. I have a slightly different 0300 number but I'll try DDIL's if mine doesn't give me the info I'm looking for.

[bednobs]

you might be lucky and find the bill youve got includes CB repayment.

[curlyfries81]

I never thought about that, bednobs, but it does outline what I've earned in the last tax year and how I've underpaid £3,353 in income tax.

[Maydup]

Are you self employed?
Do you agree with the tax figure quoted? 

[curlyfries81]

No I'm not self-employed. I agree and accept what I have to repay but the steps to follow are not all that clear in my opinion.

[Maydup]

Agree it's not straightforward! But if you are PAYE the employer looks after it all.  If you're running a business then please get an accountant to help with your tax affairs.
Meanwhile it is best  to phone them to ask your immediate question but I'm fairly confident that child benefit overpayments are due via the self assessment process so the by end of January. 

[curlyfries81]

Thanks for that, Maydup. I did speak to my own Payroll Department who were about as useless as a raincoat in the desert. They say that I paid tax based on the code that HMRC sent them (which is based on what they think I will earn) but I earned more and hence the shortfall in income tax. 

[curlyfries81]

I've now heard back from HMRC and they're saying that I don't owe them a penny. This is really boiling my pi**. 

National Insurance Number J* ** ** 22 C
For the tax year 2023 to 2024

Income

Total

£0.00

Income Tax: £0.00

Result

Total tax payable

Income Tax: £0.00

Tax you have already paid

Income Tax: £0.00

 

This must surely be a mistake?  If you earn over a certain amount you have to at least pay back all your child benefit and what happened to the £3,353 they say I underpaid in income tax?