Not more TAX

As from today letters from HM Revenue and Customers will start dropping on to door mats all over the country, as they start the process of informing good honest tax payers that they have calculated your tax liability incorrectly.

It is estimated that 5.7 million of us have paid the incorrect sum through our PAYE coding notice (the tax free allowance used to calculate your employment pay) 1.4 million will have paid too little and a staggering 4.3 million will have paid too much and therefore are due a refund.

How has this arisen, many believe that HMRC is a 19th century organisation attempting to operate in the 21st century, the PAYE system implemented in 1944 is unable to cope with the modern demands of tax payers having multiple income streams and changing employment more frequently than ever before.

The new computer system costing £400 million pounds to install in January of this year has fallen short of the mark and this has resulted in over 2000 HMRC employers being taken off normal duties to instead tackle the recovery process.

A HMRC spokesperson said they are issuing 45,000 a week and therefore if you have not received a letter yet then you could possibly receive one any time into December based on the current rate of letters being posted out.

From my experience with both working for HMRC and regular dealings with them there is a high possibility that they could be issuing such letters well in to 2011.
There may be hope if you are asked to pay money back although marginal; if you contact me I will be more than willing to talk you through the process.