HMRC is starting to send out the annual P800 tax calculations to anyone who has overpaid or underpaid tax during the tax year ending 5 April 2015
P800 notifications will be dispatched between now and October 2015.
Anyone receiving a P800 tax calculation should check the details are correct by comparing the figures with their P60 or P11D, or their own records.
If the calculation is correct, there is no need to take any action. Anyone who has paid too much tax, will automatically be sent a cheque within 14 days of receipt of the P800.
Individuals who have underpaid will usually be told that their tax code will change for the next year. This will happen automatically, so there is no need for taxpayers to do anything. In cases where HMRC is not able to arrange collection via the tax code, the tax authority will write to the individual explaning how payment can be made.
More information about the P800 process is available here
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