Further to our report about changes due to be made to the way in which employers report payroll information to HM Revenue & Customs (HMRC), information has now emerged on one of the practical benefits of this transition for employees. To help make millions of people more aware of the amount of tax they pay, the [...]
Wednesday, January 12, 2011
Following on from last years criticism where six million taxpayers were taxed incorrectly, HMRC have now revealed further errors in their PAYE tax collection mechanism. 450,000 people are to face demands for a total of £180 million after errors from the 2007/2008 tax year have shown tax underpayments. HMRC has already written off any underpayments where the [...]
Friday, December 3, 2010
The Government reports that up to £400 million is being overpaid annually in tax credits. They are laying the blame on the shoulders of parents who are not reporting changes to their childcare costs to HM Revenue & Customs. In the 2008/2009 tax year alone 4.5% of all tax credits paid out contained errors relating to [...]
Monday, November 22, 2010
People who were caught out by errors in HMRC’s PAYE tax codes between 6th April 2006 and 5th April 2007 are to have the outstanding debts written off. HMRC will cancel the debts of nearly 1.9 million people who, due to errors within the Paye As You Earn system, were unknowingly undertaxed. The reason for the change [...]
Sunday, September 5, 2010
Use our Online Tax Code Checker to check where you stand - it’s free. HMRC finally reveals the total cost of errors that we first reported on starting from February 15th this year. Between January and March 2010, 25 million new tax coding notices were issued for people paying tax through the PAYE (Pay As You Earn) [...]
Wednesday, January 13, 2010
TaxPenny can help those affected by the "Tax Health Plan" announcement by HMRC. If you have had any secondary income that you have not declared fully within the last 20 years, get in touch and we can help you.
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Sunday, June 19, 2011
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