Latest agent update available

HMRC has published Agent Update 126 (December 2024). It contains various technical updates and reminders including the following.

Due to higher-than-expected volumes some taxpayers may not receive their P800s for 2023-24 until the end of March 2025 says HMRC. This includes PAYE taxpayers who may have additional tax to pay on savings for the year ending 5 April 2024. HMRC asks taxpayers not to chase until after that date.

In previous years HMRC has aimed to complete most end-of-year PAYE reconciliations by the end of November.

HMRC is urging taxpayers who have received a simple assessment letter to pay by the deadline of either 31 January 2025 or three months from their letter’s date of issue whichever is later. The department says it sent simple assessments to half a million taxpayers who owe income tax that cannot be collected automatically for...