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If I made these payments on account I would not be able to invest in potential projects, tools or workshop space
We could all do more useful things with the money, but I'm not sure why you expect an interest free loan from the rest of us to finance your projects
the whole thing feels unfair
Outside of the many unfairnesses included in the tax code for the benefit of the ruling class, why is it fair for the rest of us low income sole traders to make our payments on account but for you not to?
I'm as bad at budgeting for tax payments as the next man, but the fundamentals of Self Assessment have been with us for a quarter of a century, so it's my fault if there isn't money in the bank when the bills fall due and I have to borrow on the commercial market.
gbj_tester-
but I'm not sure why you expect an interest free loan from the rest of us to finance your projects... why is it fair for the rest of us low income sole traders to make our payments on account but for you not to?
I have paid my tax on time, in full, every other year since I became self employed in 2011, usually on the day I complete my return in April. Anyone can request to reduce payments on account, and all requests are considered on their merits. Alot of small creative businesses would cease to exist if this were not possible. I also sometimes get Arts Council grants for projects, which are part taxpayer funded, so thanks for your generosity :)
You'll be pleased to hear my request to reduce payments on account to zero for 22/23 was agreed.
William.
The actual interest owed is £200, but they have added something and I'm trying to work out what it is. I have paid them £6800, but only £6700 is showing as paid. I called them today and the guy couldn't see the discrepancy, it was incredibly frustrating.
I request to reduce my payments on account to zero every year, because yes my income is erratic. Sometimes I earn most of my income in 6 months, then live off it while I make art, which may or may not sell. Income varies between 20-40k. If I made these payments on account I would not be able to invest in potential projects, tools or workshop space. This is the first year they have refused my request, and I didn't realise, so here I am.
I've also had a spinal injury which cost about £3k for an operation, and chronic pain since then, so maybe they're not cunts but the whole thing feels unfair.