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Can any accountants help with a quick self-assessment question?

1 reply

Titsywoo · 11/05/2019 20:34

I'm just filling in DH's tax return and am a bit confused with one question. When it asks "Outstanding debt included in your tax code for 2018-19. Please enter '0' if there is nothing shown or you did not have a PAYE code" I'm not sure where to find this information. DH gets paid 4 bonuses (1 every 3 months) which put him over the £100k threshold and therefore lose him most of his personal allowance which is why he has to do a self assessment. So at the start of the tax year he had one tax code but it kept changing until the last few months he was on the tax code K595X. Now we're in a new tax year it's gone back up to 825T. So I assume any money owed was sorted by the K tax code at the end of the tax year? He certainly took home less money in those months.

Anyway I'm not sure if I'm supposed to say he did end the year owing money or not with regards to the question above! Any ideas?

OP posts:
Kazzyhoward · 12/05/2019 19:49

It means outstanding tax from earlier years which is being collected in the 18/19 tax code. The amount, if any, will be on his tax code notices marked as such, i.e. "underpayment from previous year" or similar.

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