Prefer to pay through PAYE?

02 December 2019

If you prefer to pay your self assessment taxes through PAYE, the clock is ticking as you’ll need to file online by 30th December 2019

You can pay your Self Assessment tax bill through your PAYE tax code , as long as all these conditions apply:

• you owe less than £3,000 on your tax bill
• you already pay tax through PAYE – for example you’re an employee or you get a company pension
• you submitted your paper tax return by 31 October or your online tax return online by 30 December

However, you won’t be eligible if:

• you do not have enough PAYE income for HMRC to collect it
• you’d pay more than 50% of your PAYE income in tax
• you’d end up paying more than twice as much tax as you normally do

The important part to note here is the deadline – you’ll need to file online by 30th December 2019 in order to pay via PAYE, so it’s time to gather those records and bring them in to our offices before we close for Christmas on 20th December.