I'm almost finished completing my tax return but it's asking if I want to reduce payment on account- no idea what this means!!
I work full time and part time (self employed) and for 2022 to 2023 I owe £2000 tax plus £1000 for 2023 to 2024 which means I need to pay £3000. It says I can claim to reduce payment on account if I think I am going to earn less than last year which I don't know to be honest. Its asking for figures of predicting how much i am going to earn next year and ive not got a clue. I don't mind to pay £3000 now (got loads saved up) - is there a way I can say NO to the claim and just pay what I owe now- I just want to get it done 😭😭 I don't want to get it wrong!! Please help me!!!