PooMcGoo90
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SA says owed tax but already paying off through PAYE
My tax code was amended at the start of the new financial year to pay off an outstanding amount of tax owed for the 23/24 year. I’ve just completed my self assessment for 23/24 tax year as I’ve exceeded the income threshold and it’s stating that I owe tax. Will this be corrected to take into account that I’m paying it off through PAYE? -
Owed Tax for 23/24 exceeds £3K but will be taken back through PAYE?
I owe tax on some personal allowance that I benefited from through 23/24 which equates to £4,191. My PAYE tax code has been generated for 24/25 and is K930 which would reclaim the owed amount through 12 months salary but I was under the impression any amount of tax owed over £3K could not been recouped through PAYE, payment by lump sum only? Is the tax code incorrect and should I expect to not begin paying additional tax each month? Thanks