Doing self-assessment without a 25/26 P2 notice

kidwell25

I'm doing self-assessment for the first time because my untaxed savings interest exceeded £10,000 in 24/25.

I've got to the section on underpaid tax and have a few queries.

The videos suggest that the sums for underpaid tax should already be showing on the screen, for me to either confirm or correct, but there are no sums showing at all. Is that because this is my first return?

For page 1 of this section, I have a 24/25 P2 notice which shows "tax you owe (earlier year)" which is £16, so I presumably enter than sum.

For page 2 (tax estimated owed for 24/25) I've found that I never received a 25/26 P2 notice. Is there any other way I can find out what that sum should be?

E.g. I've gone into my personal tax account>PAYE>check current tax year>what makes up your tax-free amount. That shows a total deduction of £8526 (comprised of £6464 untaxed interest on savings plus £2062 underpayment from previous year - though the latter is the adjustment to reap the actual underpayment of £824).

Can I ascertain what sum I need to enter from these figures (and if so what is it?) or do I need to contact HMRC to request a P2 for 25/26?

Dazed_and_C0nfused

kidwell25 said:

I'm doing self-assessment for the first time because my untaxed savings interest exceeded £10,000 in 24/25.

I've got to the section on underpaid tax and have a few queries.

The videos suggest that the sums for underpaid tax should already be showing on the screen, for me to either confirm or correct, but there are no sums showing at all. Is that because this is my first return?

For page 1 of this section, I have a 24/25 P2 notice which shows "tax you owe (earlier year)" which is £16, so I presumably enter than sum.

For page 2 (tax estimated owed for 24/25) I've found that I never received a 25/26 P2 notice. Is there any other way I can find out what that sum should be?

E.g. I've gone into my personal tax account>PAYE>check current tax year>what makes up your tax-free amount. That shows a total deduction of £8526 (comprised of £6464 untaxed interest on savings plus £2062 underpayment from previous year - though the latter is the adjustment to reap the actual underpayment of £824).

Can I ascertain what sum I need to enter from these figures (and if so what is it?) or do I need to contact HMRC to request a P2 for 25/26?

You are almost certainly looking at the online equivalent of a P2.

What you really need to know is which tax year(s) the £824 originated from?

Did you receive a P800 calculation for 2023/24 from HMRC?

It's likely that the £824 relates to tax owed from 2023/24 or earlier year(s) (or possible a mix of 2023/24 and earlier year(s)).  It being unpaid tax from 2024/25 isn't that common if you file Self Assessment returns.

kidwell25

Dazed_and_C0nfused said:

kidwell25 said:

I'm doing self-assessment for the first time because my untaxed savings interest exceeded £10,000 in 24/25.

I've got to the section on underpaid tax and have a few queries.

The videos suggest that the sums for underpaid tax should already be showing on the screen, for me to either confirm or correct, but there are no sums showing at all. Is that because this is my first return?

For page 1 of this section, I have a 24/25 P2 notice which shows "tax you owe (earlier year)" which is £16, so I presumably enter than sum.

For page 2 (tax estimated owed for 24/25) I've found that I never received a 25/26 P2 notice. Is there any other way I can find out what that sum should be?

E.g. I've gone into my personal tax account>PAYE>check current tax year>what makes up your tax-free amount. That shows a total deduction of £8526 (comprised of £6464 untaxed interest on savings plus £2062 underpayment from previous year - though the latter is the adjustment to reap the actual underpayment of £824).

Can I ascertain what sum I need to enter from these figures (and if so what is it?) or do I need to contact HMRC to request a P2 for 25/26?

You are almost certainly looking at the online equivalent of a P2.

What you really need to know is which tax year(s) the £824 originated from?

Did you receive a P800 calculation for 2023/24 from HMRC?

It's likely that the £824 relates to tax owed from 2023/24 or earlier year(s) (or possible a mix of 2023/24 and earlier year(s)).  It being unpaid tax from 2024/25 isn't that common if you file Self Assessment returns.

Thanks. Yes, I received a P800 for 23/24, though the sum doesn't match - that said I owed £841.88.

Dazed_and_C0nfused

kidwell25 said:

Dazed_and_C0nfused said:

kidwell25 said:

I'm doing self-assessment for the first time because my untaxed savings interest exceeded £10,000 in 24/25.

I've got to the section on underpaid tax and have a few queries.

The videos suggest that the sums for underpaid tax should already be showing on the screen, for me to either confirm or correct, but there are no sums showing at all. Is that because this is my first return?

For page 1 of this section, I have a 24/25 P2 notice which shows "tax you owe (earlier year)" which is £16, so I presumably enter than sum.

For page 2 (tax estimated owed for 24/25) I've found that I never received a 25/26 P2 notice. Is there any other way I can find out what that sum should be?

E.g. I've gone into my personal tax account>PAYE>check current tax year>what makes up your tax-free amount. That shows a total deduction of £8526 (comprised of £6464 untaxed interest on savings plus £2062 underpayment from previous year - though the latter is the adjustment to reap the actual underpayment of £824).

Can I ascertain what sum I need to enter from these figures (and if so what is it?) or do I need to contact HMRC to request a P2 for 25/26?

You are almost certainly looking at the online equivalent of a P2.

What you really need to know is which tax year(s) the £824 originated from?

Did you receive a P800 calculation for 2023/24 from HMRC?

It's likely that the £824 relates to tax owed from 2023/24 or earlier year(s) (or possible a mix of 2023/24 and earlier year(s)).  It being unpaid tax from 2024/25 isn't that common if you file Self Assessment returns.

Thanks. Yes, I received a P800 for 23/24, though the sum doesn't match - that said I owed £841.88.

This will no doubt be the other bit (assuming the £16 is the tax owed, not the deduction needed to collect tax owed).

For page 1 of this section, I have a 24/25 P2 notice which shows "tax you owe (earlier year)" which is £16, so I presumably enter than sum.

If so it doesn't appear that any 2024/25 tax owed is included in your 2025/26 tax code so the box you are questioning can be left blank (or 0.00 of you have to enter something).