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ERRORS BY HMRC CAUSE THE WRONG AMOUNT OF TAX TO BE PAID

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Thousands of people will receive a second tax statement from HM Revenue and Customs after the first estimate was miscalculated.

The HMRC states that errors had emerged in the process due to receiving incomplete information from employers.

“The majority of the errors have happened because an employer failed to make a final payment statement for the 2013-14 tax year meaning our records were incomplete despite reminders that these submissions had to be made,” a spokesman for HMRC said.

They have issued an apology and have stated that they will ‘push the boat out’ to help those who had already received a rebate and spent it.

HMRC and employers now use a Real Time Information system that is supposed to ensure accurate PAYE information is sent regularly rather than just at the end of the tax year.

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    Employing people can cause stress for a business owner for many reasons and one of these is payroll. Our teams expect that they will be paid on time and with the correct level of deductions made. We can provide a full payroll service for your business including auto-enrolment, keeping you compliant with your many legal responsibilities.

  • Company Year End

    The legal and compliance burden put on businesses through the need to submit tax returns and other such documents to strict deadlines is often one of the most stressful elements of running a business.

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When it comes to supporting small enterprises, helping them grow whilst avoiding regulatory and commercial pitfalls, we have a weath of experience, expertise and a kettle - a very good kettle. If you think we could be a good fit, get in touch to see how we can add value to your business.

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