We'd like to remind Forumites to please avoid political debate on the Forum... Read More »
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
Self assessment query
Options

JV_21
Posts: 12 Forumite

Hi, I've received my P800 tax calculation for FY23-24 and it correctly shows I earned just over £11k bank interest. It also says the tax will be collected from April next year (I'm paye) or I can make a one-off payment.
Nowhere on my account does it ask me to complete an SA tax return. Would I still need to?
0
Comments
-
Have you other income to declare?0
-
No. It correctly captured all my income from my job and bank interest0
-
-
JV_21 said:No. It correctly captured all my income from my job and bank interest
If you choose to now complete a tax return you will have to pay any tax due direct to HMRC long before 6 April 2025. Paying it via your tax code over the 12 months from 6 April 2025 to 5 April 2026 won't be an option.0 -
Dazed_and_C0nfused said:JV_21 said:No. It correctly captured all my income from my job and bank interest
If you choose to now complete a tax return you will have to pay any tax due direct to HMRC long before 6 April 2025. Paying it via your tax code over the 12 months from 6 April 2025 to 5 April 2026 won't be an option.
Putting that aside, I suppose my question am I likely to run into problems if I don't complete a SA return? For example because I earned over 10k interest.0 -
JV_21 said:Dazed_and_C0nfused said:JV_21 said:No. It correctly captured all my income from my job and bank interest
If you choose to now complete a tax return you will have to pay any tax due direct to HMRC long before 6 April 2025. Paying it via your tax code over the 12 months from 6 April 2025 to 5 April 2026 won't be an option.
Putting that aside, I suppose my question am I likely to run into problems if I don't complete a SA return? For example because I earned over 10k interest.
https://forums.moneysavingexpert.com/discussion/6511830/self-assessment-query-regarding-over-10k-savings-interest/p13 -
I get 4k for carers allowance and over 10k interest.
So I file a self assessment return.
It takes me 10-15 minutes at most.
So I don’t mind to be honest.0 -
Bigwheels1111 said:I get 4k for carers allowance and over 10k interest.
So I file a self assessment return.
It takes me 10-15 minutes at most.
So I don’t mind to be honest.
Am I over thinking?0 -
JV_21 said:Bigwheels1111 said:I get 4k for carers allowance and over 10k interest.
So I file a self assessment return.
It takes me 10-15 minutes at most.
So I don’t mind to be honest.
Am I over thinking?I think you are overthinking it.I keep very accurate records, down to the penny.I filed my return, then for get about it.I will only panic if they get in touch.Mine went in on the 16/04/24, still not heard a thing.1 -
wmb194 said:JV_21 said:Dazed_and_C0nfused said:JV_21 said:No. It correctly captured all my income from my job and bank interest
If you choose to now complete a tax return you will have to pay any tax due direct to HMRC long before 6 April 2025. Paying it via your tax code over the 12 months from 6 April 2025 to 5 April 2026 won't be an option.
Putting that aside, I suppose my question am I likely to run into problems if I don't complete a SA return? For example because I earned over 10k interest.
https://forums.moneysavingexpert.com/discussion/6511830/self-assessment-query-regarding-over-10k-savings-interest/p1
https://www.procedure.tax/1-duty-to-submit-a-direct-tax-retur#:~:text=No duty to submit a return unless notice given by HMRC&text=“In other words, the delivery,previously given to that taxpayer.
4
Confirm your email address to Create Threads and Reply

Categories
- All Categories
- 351.1K Banking & Borrowing
- 253.1K Reduce Debt & Boost Income
- 453.6K Spending & Discounts
- 244.1K Work, Benefits & Business
- 599K Mortgages, Homes & Bills
- 177K Life & Family
- 257.4K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.1K Discuss & Feedback
- 37.6K Read-Only Boards