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Posted Thu, 12 Jan 2023 18:37:34 GMT by Gregor Currie
Hello, I am filling out my first self-assessment tax return and have a sticking points that don't seem clear to me: 1) "Our records show that you have an Income Contingent Student Loan for which repayment began before 6 April 2022. Is this correct?" - I did have an income contingent student loan during the 21/22 tax year however I have recently (2023) made a payment to pay my balance off. Should I still select 'Yes'? 2) I have received income from dividends during the tax year, but all dividends (both distributed and accumulating) were for holdings inside an ISA. Do I still say 'Yes' on the "Did you receive any dividends"? 3) In the 'Underpaid tax' sections, I am asked to locate my PAYE Notice of Coding and enter figures from it. I do not have a paper copy of this, and looking at my personal tax account I am met with "You currently have no PAYE coding notices available to view." Should I enter 0 on both sections or am I meant to be doing something else here? Many Thanks,
Posted Tue, 17 Jan 2023 14:57:20 GMT by HMRC Admin 19
Hi,

You should state that you did have the student loan. If the calculation charges you an incorrect amount our Student Loans Unit will amend the calculation.

You would say no to the dividends question. If the system does not prepopulate an underpayment amount then you should enter 0.

Thank you.
Posted Tue, 17 Jan 2023 16:08:48 GMT by Gregor Currie
Thank you HMRC Admin 19! Points 1 and 2 are clear! Regarding point 3 - I don't seem to have a notice of coding at all on the online system (i.e. I don't have a notice that says zero underpaid tax, I just don't have a notice at all). I'm taking it that I should still enter 0 but if you could just confirm that it would be much appreciated.
Posted Fri, 20 Jan 2023 14:07:35 GMT by HMRC Admin 25
Hi Gregor Currie,

You can enter  '0' 

Thank you.


 

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