P800s

HMRC have begun the automated end-of-year reconciliation process to check that taxpayers have paid the correct tax in 2012/13. Those who have overpaid or underpaid via PAYE  will receive a calculation on form P800. Individuals who have paid too much tax will be sent a cheque within 14 working days from the receipt of a P800. Underpayments will, in most cases, be automatically collected through the 2014/15 tax code.

Taskforces

New HMRC taskforces will tackle …