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Posted Fri, 20 Dec 2024 15:34:13 GMT by wkluk0623
I have completed the self assessment for 4/2023 - 4/2024 period. Actually I need to pay certain amount of taxes. But I see there would be balance adjustment, it said "included in tax code for tax year ending 05 April 2026. I am not sure whether I need to pay until 2026. Is it common to have such a long period to settle the taxes ?
Posted Thu, 09 Jan 2025 14:37:38 GMT by HMRC Admin 20 Response
Hi,
If the balance from your 2023/24 Self Assessment is less than £3000 and you selected to be collected in your tax code then it will be the 2025/26 tax year in which it will be collected. 
Thank you.

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