TaxPersonal TaxPAYE reconciliations show sharp improvement

PAYE reconciliations show sharp improvement

Around 1.2 million people underpaid PAYE in 2010-11, down from 15 million the previous year

PAYE RECONCILIATIONS have shown a sharp improvement from last year, HM Revenue & Customs officials have said.

The number of people receiving repayments for the 2010-2011 tax year will be between 1.7 million and 3.5 million; they will receive less than last year’s average repayment of £340, a Revenue official told Accountancy Age.

Around 1.2 million people have underpaid tax, with an average underpayment of between £500 to £600. These numbers will be clarified following further review in July.

Last year, it was revealed that up to 15 million taxpayers were affected by problems moving to the new National Insurance and PAYE Service computer system. This resulted in an estimated £2bn underpaid and £3bn overpaid tax revenue.

HMRC is said to be more optimistic this year and there is a feeling there that the systems have genuinely improved.

Related Articles

LITRG urges government to consider tax changes in disability work plan

Administration LITRG urges government to consider tax changes in disability work plan

4h Lucy Skoulding, Reporter
HMRC urged to clarify impact of income allowances on Self-Assessments

Personal Tax HMRC urged to clarify impact of income allowances on Self-Assessments

2m Alia Shoaib, Reporter
HMRC tax evasion assistance requests double in five years

Corporate Tax HMRC tax evasion assistance requests double in five years

5m Emma Smith, Managing Editor
Rangers tax case to have ‘dramatic’ consequences for football and business

Legal Rangers tax case to have ‘dramatic’ consequences for football and business

5m Emma Smith, Managing Editor
HMRC collects record £5bn in inheritance tax

HMRC HMRC collects record £5bn in inheritance tax

6m Emma Smith, Managing Editor
The top three issues that the next government must address for accountants

Making Tax Digital The top three issues that the next government must address for accountants

6m Emma Smith, Managing Editor
HMRC cuts over 150 offices to reduce running costs

Corporate Tax HMRC cuts over 150 offices to reduce running costs

11m Stephanie Wix, Writer
Finance Bill 2017: Corporate tax reporting requirements 'a burden'

Business Regulation Finance Bill 2017: Corporate tax reporting requirements 'a burden'

1y Stephanie Wix, Writer