Roziah B
Joined: 12/12/2023
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Self Assessment - If you have not paid enough tax
I am completing the a self assessment for 22/23 just for the purposes of HICBC and have paid the correct amount of tax for this year via my single employer PAYE. I have reached this question as follows in the assessment: If you have not paid enough tax If you owe below £3,000 tax for 6 April 2022 to 5 April 2023 and you want us to try and collect the tax and Class 4 NICs you owe through your 6 April 2024 to 5 April 2025 PAYE tax code, you must file and submit your 6 April 2022 to 5 April 2023 online Tax Return by 30 December 2023. If you file and submit your 6 April 2022 to 5 April 2023 online Tax Return after the 30 December 2023 we cannot collect this tax through your 6 April 2024 to 5 April 2025 PAYE tax code as this option will no longer be available. If you are submitting by 30 December, owe tax for 6 April 2022 to 5 April 2023 and have a PAYE tax code, do you want us to try to collect the tax and Class 4 NICs due (if below £3,000) through your tax code for 6 April 2024 to 5 April 2025? I am unsure what this means - Do I check YES or NO?. I would ideally like my tax codes to stay the same for each year and not change whilst I am in regular employment with the same employer. Thanks