| The Low Incomes Tax
Reform Group (LITRG) has issued guidance
on what action to take if someone receives
a tax calculation letter for the 2007-08
tax year from HM Revenue and Customs
(HMRC). The LITRG, an initiative of the
Chartered Institute of Taxation, said that
while many taxpayers would be due
repayments, an estimated 450,000 people
would receive letters in February and
March telling them they did not pay enough
tax via PAYE in 2007-08.
The letters could come on top of
notices already received for the 2008/09
and 2009/10 tax years.
LITRG chairman John Andrews said: “It
is perverse that HMRC have sent out
calculations for 2008/09 and 2009/10 yet
are now reviewing the earlier year, adding
to the anxiety of those who are unused to
dealing with HMRC and may well have thrown
away records for 2007/08.
“HMRC chose to delay reconciling
taxpayer records for 2007/08, although
they had sufficient information in their
possession to do so at a much earlier
stage.
“We therefore urge P800 recipients
showing an underpayment to take action as
they should have an even better case for
the tax to be written off.”
LITRG’s guidance can be found at
www.litrg.org.uk/News/2011/2007-08-paye-under. |
