{"id":429,"date":"2017-11-01T00:00:00","date_gmt":"2017-11-01T00:00:00","guid":{"rendered":"https:\/\/taxbakv2.wpengine.com\/index.php\/2017\/11\/01\/paying-self-assessment-tax-by-instalments\/"},"modified":"2017-11-01T00:00:00","modified_gmt":"2017-11-01T00:00:00","slug":"paying-self-assessment-tax-by-instalments","status":"publish","type":"post","link":"http:\/\/taxbak.co.uk\/index.php\/2017\/11\/01\/paying-self-assessment-tax-by-instalments\/","title":{"rendered":"Paying self-assessment tax by instalments"},"content":{"rendered":"<p>If you file your 2016-17 self-assessment tax return on or before 30 December 2017, you can elect to spread the repayment of any underpayment of tax for 2016-17 to the tax year 2018-19. This is done by amending your tax code for 2018-19 such that any arrears are repaid by increasing your tax payments each pay period.<\/p>\n<p>There are caveats to the use of this facility, one of which we have already mentioned, that you need to file your 2016-17 return online by 30 December 2017 (if you still file a paper return the filing deadline has passed, 31 October 2017, and so this option would not be available unless you filed prior to this date).<\/p>\n<p>There are two further limitations:<\/p>\n<ul>\n<li>You owe less than &pound;3,000 for 2016-17, and<\/li>\n<li>You pay tax via PAYE on your employed earnings or on a private pension.<\/li>\n<\/ul>\n<p>Additionally, you won&rsquo;t be able to repay outstanding tax via your tax code if:<\/p>\n<ul>\n<li>You would pay more than 50% of your PAYE income in tax, or<\/li>\n<li>You would be paying more than twice as much tax as you usually do.<\/li>\n<\/ul>\n<p>If you can use this scheme it would spread your tax repayments over a twelve-month period (6 April 2018 to 5 April 2019).<\/p>\n<!-- -->","protected":false},"excerpt":{"rendered":"<p>If you file your 2016-17 self-assessment tax return on or before 30 December 2017, you can elect to spread the repayment of any underpayment of tax for 2016-17 to the tax year 2018-19. This is done by amending your tax code for 2018-19 such that any arrears are repaid by increasing your tax payments each [&hellip;]<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-429","post","type-post","status-publish","format-standard","hentry","category-uncategorized","blog-left-layout","blog-style-postblock","","blog-alt-odd"],"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"","_links":{"self":[{"href":"http:\/\/taxbak.co.uk\/index.php\/wp-json\/wp\/v2\/posts\/429","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/taxbak.co.uk\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/taxbak.co.uk\/index.php\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"http:\/\/taxbak.co.uk\/index.php\/wp-json\/wp\/v2\/comments?post=429"}],"version-history":[{"count":0,"href":"http:\/\/taxbak.co.uk\/index.php\/wp-json\/wp\/v2\/posts\/429\/revisions"}],"wp:attachment":[{"href":"http:\/\/taxbak.co.uk\/index.php\/wp-json\/wp\/v2\/media?parent=429"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/taxbak.co.uk\/index.php\/wp-json\/wp\/v2\/categories?post=429"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/taxbak.co.uk\/index.php\/wp-json\/wp\/v2\/tags?post=429"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}