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Tax On Savings Interest

Posted Mon, 05 Jun 2023 06:05:55 GMT by
It is likely that I will have to pay tax on savings interest for the 2022/2023 tax year, due to rising interest rates. When the amount is calculated, will I be able to pay HMRC the money owed as a lump sum, rather than having my tax code adjusted?
HMRC Admin 20
Posted Wed, 07 Jun 2023 14:56:01 GMT by HMRC Admin 20
Hi Paul,

You will be able to pay the amount in full through the Personal Tax account when it has been calculated.

Thank you.

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