Tel: 01495 302 382

24 James Street, Ebbw Vale. NP23 6JG

Association of Chartered Certified Accountants

5m to be hit by new tax blunder

Posted on by Steve

Millions of families and pensioners are facing shocking new tax demands as files up to six years old are reopened.

New information released by HM Revenue and Customs reveals it is grappling with a backlog of 17.9m cases, almost 2m of which date back to 2004.

HMRC says it is racing to recoup about £3 billion in underpayments from between 2004 and 2008 – in addition to the £2 billion it is chasing from the PAYE fiasco in the autumn.

However we would draw your attention to the fact that HMRC can consider writing off specific underpayments if the taxpayer could have reasonably expected their tax deductions to be right.

If you are affected by this feel free to contact our office for further advice.

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Garry White & Co
24 James Street
Ebbw Vale
NP23 6JG.

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