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Savings interest

Alison Fairhurst
Posted Fri, 29 Sep 2023 10:21:49 GMT by Alison Fairhurst
For 23/24, I think my interest earnings will tip over £1000 & I'll need to pay tax at 20% at anything over that. Will I have the option to pay the tax in one go instead of having my tax code amended? If so what will I need to do?
HMRC Admin 32 Response
Posted Mon, 09 Oct 2023 11:44:43 GMT by HMRC Admin 32 Response
Hi,

Yes, you can pay as a one off payment. When you received the calculation advising of the balance due if you contact HMRC we can asdvise how to make the payment.

Income Tax: general enquiries

Thank you.

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