P..A.Y.E underpayment.

stodgy88

hello, received a letter a while ago saying i had under paid my tax and it would be stopped from this years wages,how did this happen ,and will my tax automatically revert to right amount next tax year thanks.

CLAPTON

a few facts would help

Tinker009

You should get a new tax code issued which will show an underpayment being collected. More tax will then be deducted from your salary each month. Your tax code should revert to normal the following year. Without more details I can't specify which tax years will be affected.

stodgy88

clapton,all the facts you need are in the post P.A.Y.E tax payer ,and paid too much ,what other facts can be relevant ?

jennifernil

Well, you asked "why", and without knowing a few facts, nobody can tell you why it happened.

For example......did you receive a benefit such as medical insurance or a company car?

Did you have income from elsewhere that was not taxed, or was incorrectly taxed? This could be bank interest, pension, 2nd job.

Have you checked your tax for the year in question and ascertained that you did indeed underpay?

CLAPTON

stodgy88 wrote: »

clapton,all the facts you need are in the post P.A.Y.E tax payer ,and paid too much ,what other facts can be relevant ?

which tax year
what were your gross earning
what was your tax
what was your tax code
do you have any benefits in kind
do you pay into a pension
any unpaid tax from the previous year
any change of job or JSA

other than that your post was pretty comprehensive