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Need for self-assessment to avoid overpayment?
eebkent
Posts: 5 Forumite
I'm retired (in my 80s) with an employer's pension plus the state person and a small amount of interest and dividends. I complete self-assessment tax returns, though I now see from completing the HMRC tax return questionnaire that I'm not required to submit a return. Looking over my tax history I see that every year I get a repayment of tax overpaid. While I'd like not to have the bother of self-assessing each year, my concern is that if I don't then I'll always be overcharged. Does this seem a likely hazard?
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You've posted on the welfare benefits section. It's better to post over on the cutting tax part of the forum.
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No - HMRC review every taxpayer every year but you would be unlikely to hear anything until September/October.eebkent said:I'm retired (in my 80s) with an employer's pension plus the state person and a small amount of interest and dividends. I complete self-assessment tax returns, though I now see from completing the HMRC tax return questionnaire that I'm not required to submit a return. Looking over my tax history I see that every year I get a repayment of tax overpaid. While I'd like not to have the bother of self-assessing each year, my concern is that if I don't then I'll always be overcharged. Does this seem a likely hazard?1
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