2022-03-31: P800

P800 – Have you ever heard of one of these or received one?

This is tax calculation that is made by the HMRC at the end of the financial year.

If you receive one from the HMRC you have either paid too much tax or not enough and the over or underpayment cannot be collected through a change in tax code

The details on the P800 will inform you if you need to pay tax or how to obtain a refund.

There are several reasons why your tax paid may be incorrect: -

• You received Job Seekers or Employment allowance
• Started to receive a Pension
• Left a job and started a new one in the same month

Don’t worry if you receive a P800. The HMRC will not be fining you for paying the wrong tax. It is important to make sure you haven’t paid too much tax or not enough and they are fairly common!