Last month HMRC started an automated reconciliation of UK taxpayers’ PAYE records.
Tax overpayments 2010-11
Initially HMRC will be looking for taxpayers who have overpaid tax. By the end of September 2011 HMRC should have submitted forms P800s and refunded any tax overpaid. It is estimated that up to 3.5m taxpayers will be repaid an average of £340 each.
Tax underpayments 2010-11
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