HMRC Online Manual Tax Payment
HMRC Online Manual Tax Payment
Author
Discussion

butchstewie

Original Poster:

60,878 posts

228 months

Saturday 11th October
quotequote all
Silly question perhaps but if you declare extra income to HMRC they give you the option to have tax due paid spread out via your tax code if you're PAYE or to just pay it online which is what I did.

What is the downside, if any, of the first option please?

Eric Mc

124,198 posts

283 months

Saturday 11th October
quotequote all
Makes your Tax Code difficult to understand.

And HMRC may take it upon themselves that they will need to adjust your tax code EVERY year - even if they shouldn't.

butchstewie

Original Poster:

60,878 posts

228 months

Saturday 11th October
quotequote all
Brilliant thanks Eric I'm a very basic 1257L employee this is just tax on additional investment income so I wanted to keep it simple so paid it in one go.

That makes sense as to the reason to do so - thank you smile