HMRC are moving to ‘full live running’ of the PAYE end-of-year reconciliations. They expect to issue around 90,000 P800s a day and hope to have completed the bulk of this exercise before Christmas.
In total, around 4.3m taxpayers will receive repayments, while an estimated 1.4m will be sent letters explaining that they have underpaid along with details of the calculations and how they can have the underpayment reviewed.
It is vital to check the P800 – even if it shows an overpayment and a refund due. HMRC may not have full information about other income or about available allowances or reliefs. There may also be errors in the employment data.
