Tax season can be a daunting time, and receiving official letters from HMRC can be particularly confusing and worrying. If you’re unsure what a tax letter means or don’t know how to respond, you’re not alone. Here at YTA, we understand the complexities of UK tax regulations and can take the burden off your shoulders.
Remember, if you ever receive a tax letter you don't understand,
seeking professional advice is always recommended!
We offer expert assistance in dealing with various types of tax letters, including:
Common Tax Letters:
What you might have received
- P800: Informs of any tax overpayments or underpayments for the previous tax year.
- P60: Shows your earnings and tax deducted by your employer for the previous tax year.
- Tax Credits renewal letter: Reminds you to renew your claim for Working Tax Credit and Child Tax Credit.
- HMRC enquiry letter: Initiates a tax investigation and requires a response with relevant information.
- Payment reminders: Alert you of upcoming or overdue tax payments, like Income Tax, National Insurance, or Self-Employment Income Tax.
- Self-assessment notices: Inform you of the obligation to file a tax return and includes details like your Unique Taxpayer Reference (UTR).
- New Tax Code notification: Informs you of any changes to your tax code, which affects the amount of tax deducted from your salary.
- National Insurance statement: Shows your National Insurance contributions and credits.
- Notice of Assessment: Confirms the amount of tax you owe after considering your income and reliefs.
- Penalty notices: Inform you of any penalties charged for late filing or late payments.
You might also have seen
Less common, but possible, letters:
VAT registration letter:
Informs businesses of their need to register for VAT
Inheritance Tax calculation:
Informs you of the amount of Inheritance Tax due on an inheritance.
Corporation Tax Notice of Assessment:
Issued to businesses and informs them of the amount of Corporation Tax they owe.
Capital Gains Tax calculation:
Informs you of the amount of Capital Gains Tax due on the sale of assets.
Here's how it works:
1. Book a consultation: Discuss your letter with a qualified accountant and understand your options.
2. Send us your letter: You can scan and email it or post it securely to our office.
3. We take care of it: We’ll review your letter, investigate the issue, and advise you on the appropriate course of action.
4. Clear communication: We’ll keep you informed throughout the process and answer any questions you may have.