Hi,
You do not need to register for Self Assessment if you have savings and investment income of below £10,000 a year, but if you are already in Self Assessment, you would have to report and pay that way.
If you have a PAYE tax code, HMRC will deduct any tax due using this.
If you owe Income Tax that cannot automatically be taken out of your income; or you owe £3,000 or more, HMRC may send you a Simple Assessment, setting out what is owed.
Pay your Simple Assessment tax bill.
Thankyou.