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.
Our Services
-
Refer a Friend
Do you know a friend in business who could benefit from keeping more of the money they earn? Spread the word and get rewarded! 💡 How it works: Introduce us – Tell your business friends about Business Works.Share their details – If they’re interested, email admin@businessworksuk.co.uk with: Their Name Business Name Email Address Phone […]
-
Cloud Accounting
If your business is growing, then you may need to access some sort of finance product to facilitate your growth. With so many products available, it can be bewildering. How do you work out how much you need, for how long and which product/or products are right for you?
Pop in or give us a call
We'd love to hear from you
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.
Contact
About us