P800 for 2024/2025

Dazed_and_C0nfused

RG2015 said:

Dazed_and_C0nfused said:

RG2015 said:

Dazed_and_C0nfused said:

RG2015 said:

RG2015 said:

SevenUpPear8 said:

@RG2015 when logging in to the personal tax account, there's a box for 'Paye As You Earn (PAYE)' to the left of the '6 April 2024 to 5 April 2025' box. Once in, click 'Check current tax year'.

At least this is what I see; it might look different to others, especially if not PAYE workers.

Direct link is https://account.hmrc.gov.uk/paye/iabd/  

The link above appears to now be broken. Is this the same for others?

Before it was broken, I saw two different figures for my untaxed interest. The first was £1,908 when this thread was first posted and then 3 or 4 days ago when it changed to £666.

My actual figure for 2024/2025 is £1,200, so I have no idea where their 2 figures came from.

666 is no way to view HMRC though!

Well, the link may be broken but the source of the 666 has now been identified, and it does appear to be a diabolical error 😀

I have just been given a new tax code for 2025/2026 and it is for a new estimate for untaxed interest of £666. However, as far I am aware this can only be based on the most recent actual figures, which is 2024/2025.

And therein lies the problem, as I know my 2024/2025 untaxed interest is £1,195.

At the moment I cannot see any obvious examples of £529 from any combination of 2024/2025 interest figures that may have not been reported to HMRC.

If you are a basic rate payer wouldn't a tax code deduction of £666 not be because your interest was estimated as £1,666?

Or as a higher rate payer £1,166?

Not if it states tax at 0%.

Ok but that isn't a tax code, it's something else entirely.

My tax free amount has changed from £2,530 to £2,941, an increase of £411.

My estimated untaxed interest has decreased from £1,411 to £666, so the amount taxed at 20% has decreased by £411.

My tax code has been changed from 253M to 294M.

All I have done is look at these figures and inferred that the change in tax code is due to the change in estimated untaxed interest.

I would certainly be happy to be corrected as to how the change in tax code is different to the change in untaxed interest. 

The £666 is undoubtedly a factor in how your tax code was calculated but I had (clearly wrongly) interpreted this comment as meaning the £666 was an element of your tax code.

I have just been given a new tax code for 2025/2026 and it is for a new estimate for untaxed interest of £666

The screen you have shown isn't your tax code but it would show the latest estimate HMRC are using for interest for the current tax year.  So if you know the 2024/25 actual amounts were £1,195 something is presumably missing from the prior year.

Having looked at interest details for some relatives recently everything was ok for them and I do wonder if you are doing more harm than good by interfering in HMRC's normal processes 🤷

RG2015

Dazed_and_C0nfused said:

RG2015 said:

Dazed_and_C0nfused said:

RG2015 said:

Dazed_and_C0nfused said:

RG2015 said:

RG2015 said:

SevenUpPear8 said:

@RG2015 when logging in to the personal tax account, there's a box for 'Paye As You Earn (PAYE)' to the left of the '6 April 2024 to 5 April 2025' box. Once in, click 'Check current tax year'.

At least this is what I see; it might look different to others, especially if not PAYE workers.

Direct link is https://account.hmrc.gov.uk/paye/iabd/  

The link above appears to now be broken. Is this the same for others?

Before it was broken, I saw two different figures for my untaxed interest. The first was £1,908 when this thread was first posted and then 3 or 4 days ago when it changed to £666.

My actual figure for 2024/2025 is £1,200, so I have no idea where their 2 figures came from.

666 is no way to view HMRC though!

Well, the link may be broken but the source of the 666 has now been identified, and it does appear to be a diabolical error 😀

I have just been given a new tax code for 2025/2026 and it is for a new estimate for untaxed interest of £666. However, as far I am aware this can only be based on the most recent actual figures, which is 2024/2025.

And therein lies the problem, as I know my 2024/2025 untaxed interest is £1,195.

At the moment I cannot see any obvious examples of £529 from any combination of 2024/2025 interest figures that may have not been reported to HMRC.

If you are a basic rate payer wouldn't a tax code deduction of £666 not be because your interest was estimated as £1,666?

Or as a higher rate payer £1,166?

Not if it states tax at 0%.

Ok but that isn't a tax code, it's something else entirely.

My tax free amount has changed from £2,530 to £2,941, an increase of £411.

My estimated untaxed interest has decreased from £1,411 to £666, so the amount taxed at 20% has decreased by £411.

My tax code has been changed from 253M to 294M.

All I have done is look at these figures and inferred that the change in tax code is due to the change in estimated untaxed interest.

I would certainly be happy to be corrected as to how the change in tax code is different to the change in untaxed interest. 

The £666 is undoubtedly a factor in how your tax code was calculated but I had (clearly wrongly) interpreted this comment as meaning the £666 was an element of your tax code.

I have just been given a new tax code for 2025/2026 and it is for a new estimate for untaxed interest of £666

The screen you have shown isn't your tax code but it would show the latest estimate HMRC are using for interest for the current tax year.  So if you know the 2024/25 actual amounts were £1,195 something is presumably missing from the prior year.

Having looked at interest details for some relatives recently everything was ok for them and I do wonder if you are doing more harm than good by interfering in HMRC's normal processes 🤷

You have lost me there.

What interfering have I done?

Dazed_and_C0nfused

RG2015 said:

Dazed_and_C0nfused said:

RG2015 said:

Dazed_and_C0nfused said:

RG2015 said:

Dazed_and_C0nfused said:

RG2015 said:

RG2015 said:

SevenUpPear8 said:

@RG2015 when logging in to the personal tax account, there's a box for 'Paye As You Earn (PAYE)' to the left of the '6 April 2024 to 5 April 2025' box. Once in, click 'Check current tax year'.

At least this is what I see; it might look different to others, especially if not PAYE workers.

Direct link is https://account.hmrc.gov.uk/paye/iabd/  

The link above appears to now be broken. Is this the same for others?

Before it was broken, I saw two different figures for my untaxed interest. The first was £1,908 when this thread was first posted and then 3 or 4 days ago when it changed to £666.

My actual figure for 2024/2025 is £1,200, so I have no idea where their 2 figures came from.

666 is no way to view HMRC though!

Well, the link may be broken but the source of the 666 has now been identified, and it does appear to be a diabolical error 😀

I have just been given a new tax code for 2025/2026 and it is for a new estimate for untaxed interest of £666. However, as far I am aware this can only be based on the most recent actual figures, which is 2024/2025.

And therein lies the problem, as I know my 2024/2025 untaxed interest is £1,195.

At the moment I cannot see any obvious examples of £529 from any combination of 2024/2025 interest figures that may have not been reported to HMRC.

If you are a basic rate payer wouldn't a tax code deduction of £666 not be because your interest was estimated as £1,666?

Or as a higher rate payer £1,166?

Not if it states tax at 0%.

Ok but that isn't a tax code, it's something else entirely.

My tax free amount has changed from £2,530 to £2,941, an increase of £411.

My estimated untaxed interest has decreased from £1,411 to £666, so the amount taxed at 20% has decreased by £411.

My tax code has been changed from 253M to 294M.

All I have done is look at these figures and inferred that the change in tax code is due to the change in estimated untaxed interest.

I would certainly be happy to be corrected as to how the change in tax code is different to the change in untaxed interest. 

The £666 is undoubtedly a factor in how your tax code was calculated but I had (clearly wrongly) interpreted this comment as meaning the £666 was an element of your tax code.

I have just been given a new tax code for 2025/2026 and it is for a new estimate for untaxed interest of £666

The screen you have shown isn't your tax code but it would show the latest estimate HMRC are using for interest for the current tax year.  So if you know the 2024/25 actual amounts were £1,195 something is presumably missing from the prior year.

Having looked at interest details for some relatives recently everything was ok for them and I do wonder if you are doing more harm than good by interfering in HMRC's normal processes 🤷

You have lost me there.

What interfering have I done?

You refer to it in this thread.

https://forums.moneysavingexpert.com/discussion/6581112/hmrc-tax-code-changes-are-on-their-way/p7#Comment_81278881

RG2015

Dazed_and_C0nfused said:

RG2015 said:

Dazed_and_C0nfused said:

RG2015 said:

Dazed_and_C0nfused said:

RG2015 said:

Dazed_and_C0nfused said:

RG2015 said:

RG2015 said:

SevenUpPear8 said:

@RG2015 when logging in to the personal tax account, there's a box for 'Paye As You Earn (PAYE)' to the left of the '6 April 2024 to 5 April 2025' box. Once in, click 'Check current tax year'.

At least this is what I see; it might look different to others, especially if not PAYE workers.

Direct link is https://account.hmrc.gov.uk/paye/iabd/  

The link above appears to now be broken. Is this the same for others?

Before it was broken, I saw two different figures for my untaxed interest. The first was £1,908 when this thread was first posted and then 3 or 4 days ago when it changed to £666.

My actual figure for 2024/2025 is £1,200, so I have no idea where their 2 figures came from.

666 is no way to view HMRC though!

Well, the link may be broken but the source of the 666 has now been identified, and it does appear to be a diabolical error 😀

I have just been given a new tax code for 2025/2026 and it is for a new estimate for untaxed interest of £666. However, as far I am aware this can only be based on the most recent actual figures, which is 2024/2025.

And therein lies the problem, as I know my 2024/2025 untaxed interest is £1,195.

At the moment I cannot see any obvious examples of £529 from any combination of 2024/2025 interest figures that may have not been reported to HMRC.

If you are a basic rate payer wouldn't a tax code deduction of £666 not be because your interest was estimated as £1,666?

Or as a higher rate payer £1,166?

Not if it states tax at 0%.

Ok but that isn't a tax code, it's something else entirely.

My tax free amount has changed from £2,530 to £2,941, an increase of £411.

My estimated untaxed interest has decreased from £1,411 to £666, so the amount taxed at 20% has decreased by £411.

My tax code has been changed from 253M to 294M.

All I have done is look at these figures and inferred that the change in tax code is due to the change in estimated untaxed interest.

I would certainly be happy to be corrected as to how the change in tax code is different to the change in untaxed interest. 

The £666 is undoubtedly a factor in how your tax code was calculated but I had (clearly wrongly) interpreted this comment as meaning the £666 was an element of your tax code.

I have just been given a new tax code for 2025/2026 and it is for a new estimate for untaxed interest of £666

The screen you have shown isn't your tax code but it would show the latest estimate HMRC are using for interest for the current tax year.  So if you know the 2024/25 actual amounts were £1,195 something is presumably missing from the prior year.

Having looked at interest details for some relatives recently everything was ok for them and I do wonder if you are doing more harm than good by interfering in HMRC's normal processes 🤷

You have lost me there.

What interfering have I done?

You refer to it in this thread.

https://forums.moneysavingexpert.com/discussion/6581112/hmrc-tax-code-changes-are-on-their-way/p7#Comment_81278881

Okay, I understand. You may have a point.

But HMRC do have the option to correct any differences in expected untaxed interest received.

However, I do object to your perjorative use ot the word interfering when all I am doing is what HMRC say I can do.

Dazed_and_C0nfused

RG2015 said:

Dazed_and_C0nfused said:

RG2015 said:

Dazed_and_C0nfused said:

RG2015 said:

Dazed_and_C0nfused said:

RG2015 said:

Dazed_and_C0nfused said:

RG2015 said:

RG2015 said:

SevenUpPear8 said:

@RG2015 when logging in to the personal tax account, there's a box for 'Paye As You Earn (PAYE)' to the left of the '6 April 2024 to 5 April 2025' box. Once in, click 'Check current tax year'.

At least this is what I see; it might look different to others, especially if not PAYE workers.

Direct link is https://account.hmrc.gov.uk/paye/iabd/  

The link above appears to now be broken. Is this the same for others?

Before it was broken, I saw two different figures for my untaxed interest. The first was £1,908 when this thread was first posted and then 3 or 4 days ago when it changed to £666.

My actual figure for 2024/2025 is £1,200, so I have no idea where their 2 figures came from.

666 is no way to view HMRC though!

Well, the link may be broken but the source of the 666 has now been identified, and it does appear to be a diabolical error 😀

I have just been given a new tax code for 2025/2026 and it is for a new estimate for untaxed interest of £666. However, as far I am aware this can only be based on the most recent actual figures, which is 2024/2025.

And therein lies the problem, as I know my 2024/2025 untaxed interest is £1,195.

At the moment I cannot see any obvious examples of £529 from any combination of 2024/2025 interest figures that may have not been reported to HMRC.

If you are a basic rate payer wouldn't a tax code deduction of £666 not be because your interest was estimated as £1,666?

Or as a higher rate payer £1,166?

Not if it states tax at 0%.

Ok but that isn't a tax code, it's something else entirely.

My tax free amount has changed from £2,530 to £2,941, an increase of £411.

My estimated untaxed interest has decreased from £1,411 to £666, so the amount taxed at 20% has decreased by £411.

My tax code has been changed from 253M to 294M.

All I have done is look at these figures and inferred that the change in tax code is due to the change in estimated untaxed interest.

I would certainly be happy to be corrected as to how the change in tax code is different to the change in untaxed interest. 

The £666 is undoubtedly a factor in how your tax code was calculated but I had (clearly wrongly) interpreted this comment as meaning the £666 was an element of your tax code.

I have just been given a new tax code for 2025/2026 and it is for a new estimate for untaxed interest of £666

The screen you have shown isn't your tax code but it would show the latest estimate HMRC are using for interest for the current tax year.  So if you know the 2024/25 actual amounts were £1,195 something is presumably missing from the prior year.

Having looked at interest details for some relatives recently everything was ok for them and I do wonder if you are doing more harm than good by interfering in HMRC's normal processes 🤷

You have lost me there.

What interfering have I done?

You refer to it in this thread.

https://forums.moneysavingexpert.com/discussion/6581112/hmrc-tax-code-changes-are-on-their-way/p7#Comment_81278881

Okay, I understand. You may have a point.

But HMRC do have the option to correct any differences in expected untaxed interest received.

However, I do object to your perjorative use ot the word interfering when all I am doing is what HMRC say I can do.

Fair point.  I will keep my pejorative thoughts to my myself before I get banned.

RG2015

Dazed_and_C0nfused said:

RG2015 said:

Dazed_and_C0nfused said:

RG2015 said:

Dazed_and_C0nfused said:

RG2015 said:

Dazed_and_C0nfused said:

RG2015 said:

Dazed_and_C0nfused said:

RG2015 said:

RG2015 said:

SevenUpPear8 said:

@RG2015 when logging in to the personal tax account, there's a box for 'Paye As You Earn (PAYE)' to the left of the '6 April 2024 to 5 April 2025' box. Once in, click 'Check current tax year'.

At least this is what I see; it might look different to others, especially if not PAYE workers.

Direct link is https://account.hmrc.gov.uk/paye/iabd/  

The link above appears to now be broken. Is this the same for others?

Before it was broken, I saw two different figures for my untaxed interest. The first was £1,908 when this thread was first posted and then 3 or 4 days ago when it changed to £666.

My actual figure for 2024/2025 is £1,200, so I have no idea where their 2 figures came from.

666 is no way to view HMRC though!

Well, the link may be broken but the source of the 666 has now been identified, and it does appear to be a diabolical error 😀

I have just been given a new tax code for 2025/2026 and it is for a new estimate for untaxed interest of £666. However, as far I am aware this can only be based on the most recent actual figures, which is 2024/2025.

And therein lies the problem, as I know my 2024/2025 untaxed interest is £1,195.

At the moment I cannot see any obvious examples of £529 from any combination of 2024/2025 interest figures that may have not been reported to HMRC.

If you are a basic rate payer wouldn't a tax code deduction of £666 not be because your interest was estimated as £1,666?

Or as a higher rate payer £1,166?

Not if it states tax at 0%.

Ok but that isn't a tax code, it's something else entirely.

My tax free amount has changed from £2,530 to £2,941, an increase of £411.

My estimated untaxed interest has decreased from £1,411 to £666, so the amount taxed at 20% has decreased by £411.

My tax code has been changed from 253M to 294M.

All I have done is look at these figures and inferred that the change in tax code is due to the change in estimated untaxed interest.

I would certainly be happy to be corrected as to how the change in tax code is different to the change in untaxed interest. 

The £666 is undoubtedly a factor in how your tax code was calculated but I had (clearly wrongly) interpreted this comment as meaning the £666 was an element of your tax code.

I have just been given a new tax code for 2025/2026 and it is for a new estimate for untaxed interest of £666

The screen you have shown isn't your tax code but it would show the latest estimate HMRC are using for interest for the current tax year.  So if you know the 2024/25 actual amounts were £1,195 something is presumably missing from the prior year.

Having looked at interest details for some relatives recently everything was ok for them and I do wonder if you are doing more harm than good by interfering in HMRC's normal processes 🤷

You have lost me there.

What interfering have I done?

You refer to it in this thread.

https://forums.moneysavingexpert.com/discussion/6581112/hmrc-tax-code-changes-are-on-their-way/p7#Comment_81278881

Okay, I understand. You may have a point.

But HMRC do have the option to correct any differences in expected untaxed interest received.

However, I do object to your perjorative use ot the word interfering when all I am doing is what HMRC say I can do.

Fair point.  I will keep my pejorative thoughts to my myself before I get banned.

Dazed_and_C0nfused

You are by far the most helpful contributor on tax matters on this site. Your tax knowledge is boundless and you have helped me on multiple occasions.

Just thought I should say that.

RG2015

Just to clarify my current position.

Up until yesterday HMRC were using a figure of £1,411 for my untaxed interest for this year. This is pretty close to what I expect the final position to be.

Today, HMRC have changed this figure to £666. I do not know why.

I will update this thread if I get any more information

RG2015

Well, my P800 has appeared online, and it shows my untaxed interest as £666 (taxed at 0%).

My actual figure is £1,195, so they have understated my tax due for 2024/2025 by £39 (£195 @ 20%).

RG2015

Just to close this up, I posted the following on another thread I started today.


I wasn’t doing anything so I phoned them (HMRC) up. The pre recording said an average delay of 40 minutes and I was on hold for about 42 minutes.

We reconciled the figures and discovered that they had nothing from RBS, First Direct and Nationwide. This is surprising as all three correctly reported for 2023/2024.

They are going to issue a new P800 which may take 72 hours.

They recorded my figures as “customer actuals” which would distinguish them from “bank actuals” if the figures were to be notified subsequently

SevenUpPear8

@RG2015 I hope you don't mind me asking here, but I noticed in that other thread that was linked above, you had updated your expected interest using the personal tax account, under the 'Investment income' option.

I want to do the same - I expect to receive total non-ISA interest of £1500 this year. It asks for taxable interest income, but I wasn't sure whether to put in £1500 or £500 (personal savings allowance of £1000), but I put in £1500 as I thought it's all technically taxable.

I see in that other thread you put in the total amount as well - please can I check if that had come through correctly at the time, and that I have done the right thing?

(i.e. before they overwrote it with your £666 figure you mention above).