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Hi there - I am struggling to understand underpaid tax included in PAYE coding:
For previous tax year 20/21:
- system says I have”paid the right amount of tax”, BUT
- I received a message saying I owed c.£800
- and my tax code at end of year 21/22 was a K tax code with c£6500 added to my account, presumably to reflect the £800 I owe from previous tax year
What if anything do I therefore enter in my self-assessment for underpaid tax for earlier years included in my tax code for 2020/21?
- the c.£800?
- the c. 6500?
I am assuming it is the c.800 figure?
Any advice most welcome!