jonathan patterson
Joined: 5/14/2024
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Remove payment on account for next tax year, if moved to PAYE?
Since leaving my last paid role, I've spent about 18 months under self assessment which has worked flawlessly. In November last year, I took a permanent role with the company i was contracting with and have been subject to PAYE since Nov 2024. I was getting ahead of myself and doing my 2023-2024 tax return in draft format, and have the tax I know i need to pay for 23-24 tax year. As such, 2023-2024 is concluded to all satisfaction. However, there is also a payment on account due in Jan 2025 for the tax year 2024-2025, however for the 24-25 tax year I will have NO other income than PAYE earnings, so how can I communicate to HMRC that I've moved the PAYE in totality and therefore the payment on account is surplus to requirements as tax and NIC will be recovered via PAYE at source. thanks