TaxPersonal TaxMillions to receive rebates following PAYE errors

Millions to receive rebates following PAYE errors

More errors in HMRC's systems will mean million receive tax rebates while a million more have underpaid

THE TAXMAN has identified 6 million cases in which tax rebates are due following PAYE errors made from 2007/08 and before. 

HM Revenue & Customs will begin sending letters out to taxpayers in the next few months, including the 1.2 million people identified earlier this year as having underpaid for the 2010/11 year. Those who owe money will be given the opportunity to agree payments plans.

The rebates are estimated to be worth £2.5bn. It is unclear how many taxpayers will receive them.

The BBC quotes an HMRC spokesman saying: “We are getting cases that were left unreconciled up to date as quickly as possible. Anyone owed money will be paid back with interest without the need to contact us.

“The fact is there will always be some cases at the end of every tax year that require an under or overpayment to balance but these cases will reduce as the new system beds in.”

 

Related Articles

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
PAC raises “serious concerns” about HMRC’s digital plans

Corporate Tax PAC raises “serious concerns” about HMRC’s digital plans

1y Stephanie Wix, Writer