HMRC Letter - received today

nearlyrich

I got one too, been a higher rate taxpayer for many years and do't do a tax return because they said I didn't need to as all my income is from PAYE all my savings are in ISAs and I can't think why they would want any further info from me...

horngkai

was asking about this letter on my other thread. Found this link

http://www.tax.org.uk/media_centre/LatestNews-migrated/HMRC_PAYE_update_SA252

looks like it is a bulk letter to higher rate taxpayer and complex basic rate payer to remind about possible over/undertax?

NH2004

I got one of these letters too.

I filled out a self assesment tax return a few years ago for the first time, after becoming a higher rate tax payer.


At that time I actually got a rebate of about £40, and they told me I didn't need to fill out a tax return every year. They just adjusted my tax code slightly.

Doing a quick rough calculation based on the 2010/2011 tax year I reckon I might owe about £170 in tax. So should I contact them?

Would I not be too late to fill out a tax return now? I read somewhere you had to contact them by 5th October, otherwise you will have to pay an extra fine.

I would rather keep things above board and pay what I owe.

Mikeyorks

NH2004 wrote: »

I would rather keep things above board and pay what I owe.

If it's because of additional tax due on interest - best to contact them and they will code it out. They should issue a P810 (single page PAYE return) to you periodically (default is per 3 years) to keep a check on it. But it does mean any underpayment could consolidate a bit.

If your calculated underpayment is based on pay / P11D data ..... then they should pick that up automatically in the reconciliations underway at the moment (para 7) :

http://www.hmrc.gov.uk/p800/paye-tax-calcs.htm