Taxation: Forms
(asked on 18th November 2016) - View Source
Question to the HM Treasury:
To ask Mr Chancellor of the Exchequer, how many P800 adjustments were issued to individual taxpayers to correct for an over or under payment of income tax in (a) 2013-14, (b) 2014-15 and (c) 2015-16.
At the end of every tax year HM Revenue and Customs (HMRC) electronically reviews all individual PAYE records to see whether or not the correct amount of tax and National Insurance Contributions for the year has been paid. Where there is an under or overpayment, HMRC notifies the individual through issuing form P800. The table below shows the number of accounts reviewed and the number of P800 forms issued for 2013-14 and 2014-15. Final figures for 2015-16 are not yet available.
| Accounts reviewed | P800 forms issued |
2013-14 | 45.86 million | 5.43 million |
2014-15 | 45.81 million | 5.04 million |