Mr Jones owes £2,000 tax due to dividends. He is in a full-time job and a 40% tax payer. Can he expect that the extra tax will be taken via his tax code, or is this too much, and should he make a direct payment to HMRC for this? I've asked for it to be taken via his tax code, but have a feeling that only amounts up to £1k are taken this way.
13th Sep 2019
2
Tax repayable by recoding
Will this happen in this case?