Taxman persuing back pay on redundancy

bikerman01

Not sure if anyone can advise. I had a redundancy pay out 8 years ago. The tax was paid by the employer at source and that was that. However i've now received a bill as some of the tax should have been at 40%.

Can anyone advise on are they able to persue me on this after 8 years and/or should it be my ex employers responsibilty to cover the shortfall as it was their oversight in the first place. ?

Any advice greatly appreciated

princessdon

It's your repsonsbility not your employers

Re the time - I'm not sure, we had to pay £12K for the same reason this year but that wasn't from 8 years ago.

Pete111

I thought the tax man could only go back 6 years for genuine errors where fraud is not suspected.....

neocorps

Pete111 wrote: »

I thought the tax man could only go back 6 years for genuine errors where fraud is not suspected.....

I believe you are quoting this.

Pete111

neocorps wrote: »

I believe you are quoting this.

Nope.

http://www.hmrc.gov.uk/manuals/chmanual/ch53300.htm

getmore4less

http://www.hmrc.gov.uk/manuals/chmanual/CH53400.htm

was it reasonable for the OP to be careless.

if they were normaly a 40% taxpayer then it would be reasonable that they should have know about the shortfall in tax on any redundancy/pilon over the £30k.

(they should allready be declaring other income like interest and deductables like pension)

if they wer normaly not a 40% taxpayer and it was the excesive reedundancy payment then that may be considered as reasonable carelessness.

edit:
reading a bit further through the links, it looks like they should not be going back more than 6y unless they suspect a deliberate act rather than just being careless.

antonic

If they suspect fraud they can go back 20 years.