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More letters from HMRC

Autumn 2010

Millions of taxpayers will receive letters in the second half of this year telling them they have paid the wrong amount of tax over the 2010/11 tax year.

HM Revenue & Customs's (HMRC's) reconciliation process involves checking the PAYE tax deducted against income taxable under PAYE to find differences.

Around a fifth of taxpayers are expected to be affected. This is the second year that HMRC has used its new computer system for the reconciliation, and it seems in a much better position on PAYE than last year.

The letter (technically a P800 form) is an informal calculation rather than a demand for tax. That may not be immediately obvious. If the letter tells you that you have overpaid tax and you are due a refund, you should still check the figures carefully - or ask us to do it. There are penalties if HMRC thinks you were careless in not spotting the over-repayment.

It is still possible for HMRC to send you a form P800 that relates to as long ago as 2007/08. However, there are strong arguments for HMRC to write off the tax under a special extra-statutory concession. If you receive a P800, especially if it is for a year earlier than 2010/11, please let us know so we can check it for you.

A note of caution: whenever HMRC sends a lot of letters, some unscrupulous people see a perfect opportunity to commit fraud. HMRC is aware of various 'phishing' scams and bogus HMRC email addresses.

 

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