@HMRCcustomers is there a deadline to pay off a tax bill from tax year 24/25 in a lump sum? Can the lump sum be paid off up until April 26 before monthly payments come out?
And can you pay off the lump sum in separate payments or has to be all at once?
@HMRCcustomers My employer rectified my tax code in December 24, but no tax was deducted from December 24 to March 25. I thought extra tax would be taken later once it was corrected from April 2025. Is there anything I can do since my employer didn’t apply the correction during those months?
@HMRCcustomers if you owe HMRC tax and you wait for the deductions to be taken from wages over 12 months starting April 2026, will interest be added to the total amount owed? If so, how much interest?
@HMRCcustomers I think you’ve misunderstood. I have already provided you the figures for my 23-24 interest. So when can I pay the tax owed as a lump sum?
@HMRCcustomers how do you pay your tax for 23-24 (interest on savings) instead of tax code changing?
I was told by one of your colleagues that I can do this on government gateway but I can’t see where it says this.
@HMRCcustomers Yes that’s correct. I informed you last week how much interest I earned on my savings for 23-24 tax year. I would rather just pay the tax as a lump sum than my tax code changing this year
@HMRCcustomers When I inform you how much interest I have earned on savings, can I pay the tax separately at the end of the tax year instead of my tax code changing? I would prefer to do this
@HMRCcustomers One last thing, do I need to file a self assessment tax return if I have a bank account open in Canada? It isn’t earning interest, just a debit account.
I was born there and live in UK so I only use it when I am visiting Canada
@HMRCcustomers Thank you - I completed the questionnaire and it tells me I don’t need to file a self assessment tax return. Would I not need to inform HMRC about the interest I earn on savings then? It wouldn’t go over the 10K threshold it mentions in the questionnaire