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Dividends - Just change tax code to pay??
TCW85
Posts: 17 Forumite
in Cutting tax
Hi all,
I'm currently employed, so pay income tax through PAYE. I have this year received a dividend which is over the tax-free 2k amount. As such I need to pay the appropriate tax but do not need to fill out self-assessment forms as my income is already taxed elsewhere. Is it as easy as contacting HMIC to change my tax code and if I wished can I just pay the tax as a lump sum, if so when would this be due..?
Many thanks in advance...
I'm currently employed, so pay income tax through PAYE. I have this year received a dividend which is over the tax-free 2k amount. As such I need to pay the appropriate tax but do not need to fill out self-assessment forms as my income is already taxed elsewhere. Is it as easy as contacting HMIC to change my tax code and if I wished can I just pay the tax as a lump sum, if so when would this be due..?
Many thanks in advance...
0
Comments
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Hi,have a look HERE, might help, scroll down half way.1
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Could do with knowing if there's a way of paying as a lump sum also..0
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Hi,try the Helpline,Telephone:
0300 200 3300
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Did you find out if you could pay lump sum by card?TCW85 said:Hi all,
I'm currently employed, so pay income tax through PAYE. I have this year received a dividend which is over the tax-free 2k amount. As such I need to pay the appropriate tax but do not need to fill out self-assessment forms as my income is already taxed elsewhere. Is it as easy as contacting HMIC to change my tax code and if I wished can I just pay the tax as a lump sum, if so when would this be due..?
Many thanks in advance...0 -
You can do but you need to do this after HMRC have issued you with a P800 or PA302 calculation showing the amount due.frosty77 said:
Did you find out if you could pay lump sum by card?TCW85 said:Hi all,
I'm currently employed, so pay income tax through PAYE. I have this year received a dividend which is over the tax-free 2k amount. As such I need to pay the appropriate tax but do not need to fill out self-assessment forms as my income is already taxed elsewhere. Is it as easy as contacting HMIC to change my tax code and if I wished can I just pay the tax as a lump sum, if so when would this be due..?
Many thanks in advance...
https://www.gov.uk/simple-assessment0 -
So long as it’s not a credit card!0
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