ladbible homepage
ladbible homepage
  • iconNews
  • videos
  • entertainment
  • Home
  • News
    • UK
    • US
    • World
    • Ireland
    • Australia
    • Science
    • Crime
    • Weather
  • Entertainment
    • Celebrity
    • TV
    • Film
    • Music
    • Gaming
    • Netflix
    • Disney
  • Sport
  • Technology
  • Travel
  • Lifestyle
  • Money
  • Originals
    • FFS PRODUCTIONS
    • Say Maaate to a Mate
    • Daily Ladness
    • UOKM8?
    • FreeToBe
    • Citizen Reef
  • Advertise
  • Terms
  • Privacy & Cookies
  • License Our Content
  • About Us & Contact
  • Jobs
  • Latest
  • Archive
  • Topics A-Z
  • Authors
Facebook
Instagram
X
Threads
Snapchat
TikTok
YouTube
Submit Your Content Here
  • SPORTbible
  • Tyla
  • GAMINGbible
  • LADbible Group
  • UNILAD
  • FOODbible
  • UNILAD Tech
Millions of Brits could be owed money as HMRC to send refund letters after tax 'mistakes'

Home> News> UK News

Updated 07:34 19 Jul 2024 GMT+1Published 07:30 19 Jul 2024 GMT+1

Millions of Brits could be owed money as HMRC to send refund letters after tax 'mistakes'

Finally, a letter from the taxman you'd actually want to receive

Joe Harker

Joe Harker

google discoverFollow us on Google Discover

Normally if you're getting a letter from HMRC it's going to be anything but pleasant, there are few who'd enjoy the taxman getting in touch about something.

However, when the topic of the day is a tax refund that's an altogether different story.

According to the Daily Express, finance specialists RIFT have calculated that around 7.6 million Brits could be sent letters delivering the good news that a refund is on the way as result of 'mistakes' in the system.

To be one of those lucky souls you'll likely need to be on PAYE (pay as you earn) where your employer sorts out your tax before giving you your wages.

Advert

Sorry people who are self employed, but the majority of people who could be getting one of these letters saying they've paid too much tax and are in line for a refund are PAYE folks.

Not every letter you get from HMRC is going to be unwelcome. (Peter Dazeley/Getty Images)
Not every letter you get from HMRC is going to be unwelcome. (Peter Dazeley/Getty Images)

Each year between June and the end of November, the government sends out millions of P800 letters, which will either tell you to good news that you're in line for a refund or the bad news that you owe more money than you thought.

Managing director of RIFT, Bradley Post, said as per MEN: "HMRC’s PAYE system is an extraordinary machine of tax collection, but it isn’t perfect and millions of mistakes are made every year.

"However, HMRC’s internal check and balances system means that it often spots these mistakes in hindsight and does all it can to ensure people are either refunded, or top up what they owe.”

There are a number of reasons why you might have paid more tax than expected.

Among the most common reasons are you being put into the wrong tax code because HMRC had the wrong information about how much money you made.

Then, of course, there's the situation that arises if you switched jobs in the middle of a month and were paid by both companies for that chunk.

Meanwhile if you started receiving a pension at work or received Employment and Support Allowance (ESA) that could also affect it.

They wouldn't actually send you cash, it'd be done online or you'd get a cheque. (Getty Stock Photo)
They wouldn't actually send you cash, it'd be done online or you'd get a cheque. (Getty Stock Photo)

If you get your P800, it'll tell you how you to get your refund, letting you know whether you'll automatically be sent a cheque or if you've got to fill in some forms online.

Of course, you don't have to wait around for a letter to come through your door if you think you've paid more tax than you ought to.

Brits can always get in touch with HMRC themselves to try and sort things out on that front, though be prepared for them to say you're actually not in line for any sort of refund.

Sadly, this particular topic is one much beloved by scammers as HMRC have warned that each year thousands of fraudulent letters are sent out telling Brits they're owed money.

If you're not sure whether the letter sent to you is a scam or not it's always worth reaching out to HMRC themselves to ask if you have a tax rebate coming your way.

Featured Image Credit: Peter Dazeley/Getty Images/Getty Stock Photo

Topics: UK News, Money

Joe Harker
Joe Harker

Joe graduated from the University of Salford with a degree in Journalism and worked for Reach before joining the LADbible Group. When not writing he enjoys the nerdier things in life like painting wargaming miniatures and chatting with other nerds on the internet. He's also spent a few years coaching fencing. Contact him via [email protected]

X

@MrJoeHarker

Recommended reads

Creepy reason why you should never have a mirror facing your bedGetty Stock ImagesUK working on plan not seen since the 1970s to prepare for warGetty StockDoctor explains what happens if you eat chia seeds superfood for two weeksGetty StockDad, 34, slips into coma and loses all four limbs following routine dentist appointmentKennedy

Advert

Choose your content:

an hour ago
2 hours ago
4 hours ago
  • Getty Stock
    an hour ago

    UK working on plan not seen since the 1970s to prepare for war

    The head of the armed forces said British people will need to be resilient

    News
  • Kennedy
    2 hours ago

    Dad, 34, slips into coma and loses all four limbs following routine dentist appointment

    Davon Vanterpool felt ill after visiting the dentist, less than a month later doctors were amputating his limbs

    News
  • PAUL ELLIS/AFP via Getty Images
    4 hours ago

    Supercomputer predicts most likely winner of the 2026 Grand National

    There are some shocks and surprises in store if the supercomputer is right...

    News
  • NASA/Bill Ingalls
    4 hours ago

    Artemis II astronauts warned of 'space comedown' effect after crashing back to earth

    NASA said their splashdown was 'textbook'

    News
  • Brits 'owed hundreds of millions' after NS&I mistakes
  • Millions of Brits to get significant pay rise from 1 April
  • Over a million Brits will be sent a fine through the post this month
  • Martin Lewis issues huge update as millions of Brits owed £700 for buying car before 2024