Tax return filed but need some info

[Funk]

I've had to file a Self Assessment for the first time and have completed it online. Good news is that everything pretty much tallies, however they say I owe them 22p.

I understand it's 22p, but it seems somewhat daft to pay this by card with a 1.25% surcharge. Is there a system whereby amounts that small are disregarded? If not, I'll pay it but it still seems a bit odd!

[davepoth]

Bank transfer from your internet banking is free.

[anonymous-user]

bank transfer for 25p, get yourself in credit !

[Funk]

It says it has to be paid by 31st, so bank transfer won't make it in time. I'll have to do it by card. Seems a bit silly for such a tiny amount, that's all! I'll pay it through BillPay tonight when I get home.

[smartie]

HMRC are happy to let very small amounts like that remain unpaid and they will just add it onto next years liability.

[Funk]

Ah, good news. That'll be what I do then!

It's true then; only smarties have the answer...

[dirty boy]

smartie said:

HMRC are happy to let very small amounts like that remain unpaid and they will just add it onto next years liability.

+ the interest of course

[smartie]

dirty boy said:

+ the interest of course

on 25p?

Not sure that they bother on small amounts - I've had 23p owing on my SA account since 2006 and as of today it's still 23p

Edited by smartie on Friday 28th January 17:11

[Eric Mc]

It is added on but the increments on small balances are so small that they won't show up until a full 1p has been reached.