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Posted Fri, 11 Oct 2024 18:46:48 GMT by John Peden
As ltd company directors, my wife and I filed our self-assessments this year with our accountant and are due to pay income tax in Jan 2025. After filing our SAs we had some additional cash and repaid our Plan 1 and Plan 2 loans in full, however the tax we're due to pay in January 2025 is still showing the value that included a sizeable chunk of loan repayment. Do we have to resubmit our SAs for the amount due to be updated? The loans were cleared several months ago and the SLC portal shows us as having done so.
Posted Mon, 21 Oct 2024 07:46:05 GMT by HMRC Admin 19 Response
Hi,
You and your wife will need to amend your Self Assessment returns, and update them to confirm that no student loan repayments are required for 2023 to 2024, as you have paid them in full. If you require help doing this, please contact our Self Assessment team for advice.
Self Assessment: general enquiries
Thank you.

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