dividend tax through PAYE

[Csills73]

Good morning,

Could someone confirm if you receive up to £10,000 by dividend in a tax year can you ask HMRC to adjust your tax code and pay the dividend tax through your PAYE?

Many thanks

 

[MyAccountantOnline]

Good morning,

Could someone confirm if you receive up to £10,000 by dividend in a tax year can you ask HMRC to adjust your tax code and pay the dividend tax through your PAYE?

Many thanks

In some circumstances you can. Have a read here https://www.gov.uk/pay-self-assessment-tax-bill/through-your-tax-code

 

[DontAsk]

Good morning,

Could someone confirm if you receive up to £10,000 by dividend in a tax year can you ask HMRC to adjust your tax code and pay the dividend tax through your PAYE?

Many thanks

Do you have any other taxable income?

 

[Csills73]

Do you have any other taxable income?

No, no other taxable income, only a salary through PAYE

 

[DontAsk]

No, no other taxable income, only a salary through PAYE

That is taxable income. It will depend on how much tax you are liable for. Ah, I see MyAccountatntOnline sent a link.

 

[Csills73]

In some circumstances you can. Have a read here https://www.gov.uk/pay-self-assessment-tax-bill/through-your-tax-code

Thank you very much for your help

 

[TaxBix]

That link's about collecting a Self Assessment bill through the code, slightly different thing. Under £10k with only a salary theres no return at all, you just tell HMRC before 5 October.

 

[Csills73]

That link's about collecting a Self Assessment bill through the code, slightly different thing. Under £10k with only a salary theres no return at all, you just tell HMRC before 5 October.

Thank you very much for confirming

 

[MyAccountantOnline]

That link's about collecting a Self Assessment bill through the code, slightly different thing. Under £10k with only a salary theres no return at all, you just tell HMRC before 5 October.

Thanks TaxBix I had assumed the OP had completed a Self Assessment tax return.

I know you will be aware but for anyone reading this thread a tax return must still be completed if HMRC send you one.

Here's another link which explains how you can ask for tax on dividend income to be collected https://www.gov.uk/tax-on-dividends/how-to-report-tax-on-dividends

 

[TaxBix]

Fair point, a notice to file overrides all this.

 

[Daybooks]

Yes you can ask.