Have HMRC sent you a calculation showing tax owed for 2010/11? Do you need help to understand it? Do you want to know your rights? Read the LITRG guide.
The 2010/11 ‘reconciliations’
Following a run of refunds, HMRC are now sending out PAYE calculations for 2010/11 where they think that people have not paid enough tax in the year. This will continue up to Christmas.
If you get one, you need to know what to do.
Help is at hand
Last year, LITRG’s guidance helped thousands of taxpayers to decipher their ‘P800’ tax calculations and to have underpayments for the tax years 2007/08, 2008/09 and 2009/10 written off, where appropriate.
For 2010/11, there is less cause for optimism in obtaining a write-off. But calculations should still be checked and action taken relevant to the individual circumstances.
LITRG’s updated and comprehensive guide can be found in the PAYE underpayments section of their website.
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