Articles and Publications by Jason Matischok

HMRC To Start Including Debts in 2012/13 Tax Codes

Posted On: Mon 16 Jan 2012 Posted In: News Posted By:

Company Structure   From April 2012 HMRC will be able to collect Self Assessment debts of less than £3,000 by including them in the taxpayer’s PAYE code. This applies to both tax debts and tax credit overpayments. Last year HMRC began writing to affected individuals so that they would have the opportunity to arrange to pay the outstanding amount by another method. However, HMRC will now start including outstanding debts in PAYE codes issued from January 2012. Such amounts will be included in the code issued at the start of the tax year but will not be added to the code in-year. HMRC advises tha... read the full story

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