HMRC have now issued
what they call a simple assessment PA302, or an informal tax calculation a
P800, but be warned!
This is a way where
they pick up all your tax information from various sources and issue an
assessment either demanding tax or offering a refund. However, you cannot be completely secure in
the knowledge that they have picked up every source of income or every source
of tax that you have had deducted.
Without filing a Tax
Return HMRC cannot guarantee that all the information it has on you is up to
What is more, if it makes
an error it is still your responsibility to put it right or possibly face a
If you receive a P302
or P800, check it thoroughly or pass it to us to have a look for you.
More and more, HMRC
are issuing revised Coding Notices trying to collect tax via the PAYE system,
i.e. the tax due on dividends and other sources of
income. These do not have to be
collected in this way – they can be dealt with under self-assessment per your
Do not allow yourself
to be bullied on this – HMRC have even tried to bully us by saying that our
client should be able to ring them up and deal with matters!