In this section:
When you send HM Revenue & Customs (HMRC) your tax return you'll get a Self Assessment Statement showing what tax you owe and how to pay. If you paid too much it will show how much you'll be repaid. If you send your tax return online you can view your statement online before it comes in the post.
On this page:
If you register to use HMRC Online Services and send your return online, you can see what you owe straight away. You'll also be able to check your earlier statements and view a detailed breakdown of your tax history.
HMRC will send you a paper Self Assessment Statement too, usually 45 days before payment is due.
If you're self-employed and use HMRC Online Services, you can see all your business taxes in one place, using the Business Tax Dashboard.
You need to have registered as an organisation when you signed up for HMRC Online Services to do this. If you registered as an individual, you can re-register as an organisation if you want to use the Business Tax Dashboard.
Your statement won't always match the amount you worked out on your Self Assessment return. You'll sometimes owe 'balancing payments' for the previous year or have made 'payments on account' for the current year - these are shown on your Self Assessment Statement. See the sections below for more on balancing payments and payments on account.
On your Self Assessment Statement you'll find:
You'll also find phone numbers for any queries.
Your statement shows the balance from your last statement (what you owed then) and details of any changes since your last statement was issued. These may include:
If you're due to make a payment, you'll find a pay slip at the bottom of the statement.
Instructions for how to pay are on the back of the statement.
If you're late paying any tax you owe, you may have to pay interest and penalties. You will see these on your statement.
Your statement will also show any interest and/or penalties you have to pay because of an error found during a check into your tax return.
If HMRC finds you've made a mistake on your tax return, they’ll correct it and your statement will show the right amount. You'll receive a tax calculation showing how HMRC worked out the correct figure.
You can expect to get a Self Assessment Statement:
Tax can usually be collected through your PAYE code if the amount due is below £3,000 and you pay enough tax to collect it in one year. You must have sent your online tax return by 30 December or paper tax return by 31 October.
You may have to pay a balancing payment if tax is still due for the previous tax year. It is the amount of tax still due after you have paid your payments on account. You have to pay the balancing payment by 31 January after the end of the tax year.
If the right amount of tax hasn’t been collected during the previous tax year, a balancing payment is due. For example if:
Mrs B completes her 2012-13 tax return for the tax year ending 5 April
She works out that her tax bill is £4,000.
She has already had £3,000 tax deducted at source.
Her balancing payment, due on the 31 January 2014 is £1,000.
You may have to make payments on account towards the current year's tax.
You usually have to make these payments if the tax due for the previous year was over £1,000. But if more than 80 per cent of this tax has already been collected at source, you won't have to make payments on account.
If you do make payments on account, you will make two payments. Each payment is half of the tax due for the previous year.
You must pay the first instalment by 31 January in the current year and the second by the following 31 July. For example, for the tax year 2012-13 (6 April 2012 to 5 April 2013) the first payment on account is due on 31 January 2013. The second payment on account is due on 31 July 2013.
Mr L's tax bill for the 2011-12 tax year was £1,200.
£1,000 of this tax had already been collected at source on his savings.
As the tax collected at source is more than 80 per cent of the tax bill, Mr L won't have to make payments on account for the 2012-13 tax year.
He must pay any tax due for the 2012-13 tax year by the normal payment deadline of 31 January 2014.
Mrs A completes her 2011-12 tax return and works out that she has £4,500 tax to pay for the year ending 5 April 2012. No tax has been collected at source.
She has already made two payments on account towards this amount - £2,000 in January 2012 and £2,000 in July 2012.
She must make a balancing payment of £500 by 31 January 2013.
Her payments on account for the 2012-13 tax year will be £2,250 each.
This is half of the tax that was due for 2011-12 (£4,500/2)
These payments are due on 31 January 2013 and 31 July 2013.
If you know that your income for the current year will be lower than last year's, you can ask to reduce your payments on account. But:
You can reduce your payments on account in any of the following ways:
If you realise that you've reduced your payments by too much - perhaps because your income turns out to be higher than you thought - please tell HMRC straight away.
You can do this online, download form SA303 or ring HMRC on the phone number on your Self Assessment Statement. If you delay you may have to pay interest and a penalty.