Take a big dividend this year?

[MrMarkyMark]

I risked it and bumped by income to £100k. I didn't think about the tax on account thing. Too late now! I guess I'll get it back eventually. If my circumstances change I could live to regret it of course

I did the same, but will reduce the payment on account as has already been suggested.

[jamesbrown]

I risked it and bumped by income to £100k. I didn't think about the tax on account thing. Too late now! I guess I'll get it back eventually. If my circumstances change I could live to regret it of course

You can reduce the payment on account if you want (assuming you're not going to extract £100k next year, and you're confident about that).

[Gaz_M]

You can reduce the payment on account if you want (assuming you're not going to extract £100k next year, and you're confident about that).

How do you do this?

[TheFaQQer]

How do you do this?

Complete form SA303 either by post or online.

[northernladuk]

How do you do this?

You ask your accountant about it to make sure it fits the purpose in your situation and then if it does they will advise how to do it i'd say.

[iainp999]

I did the same, but will reduce the payment on account as has already been suggested.

I asked my accountant about this as I'm taking a large dividend this tax year, as a one-off.

She says that she can apply to reduce the payments on my tax return, so I shouldn't need to do anything.

HTH.

[MrMarkyMark]

I asked my accountant about this as I'm taking a large dividend this tax year, as a one-off.

She says that she can apply to reduce the payments on my tax return, so I shouldn't need to do anything.

HTH.

Essentially that is what we are talking about, reducing the payments on account, either you can do it yourself, or get your accountant to do it.

[jamesbrown]

Yes, as indicated above, you can do this at any time via an SA303 or, perhaps more conveniently, in the "Payments on Account" section of your SATR/SA100.