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2012-13 PAYE Tax Calculations

HMRC has started the annual automated End of Year Reconciliation process to check whether employees in PAYE have paid the right amount of tax in 2012-13.

If you have paid too little or too much tax under PAYE for 2012-13, HMRC will automatically send a tax calculation (on form P800) to you showing the details along with notes explaining what it means. It’s expected that this automated process will be completed by October 2013, and there is no need to contact HMRC.

If you have:

  • Paid too much tax, you will be sent a cheque, in most cases, within 14 working days from the receipt of a P800 Tax Calculation.
  • Paid too little tax, the underpayment will in most cases be automatically collected through your 2014-15 annual tax code over 12 months. Where this is not possible, HMRC will write to you and let you know what options are available to pay the tax outstanding.

If you need to know more, please do not hesitate to contact us.

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