{"id":5904,"date":"2024-08-15T08:29:26","date_gmt":"2024-08-15T08:29:26","guid":{"rendered":"https:\/\/www.bainesjewitt.co.uk\/blog\/?p=5904"},"modified":"2024-08-15T08:29:28","modified_gmt":"2024-08-15T08:29:28","slug":"simple-assessment-letters-sent-to-560000-taxpayers-what-you-need-to-know","status":"publish","type":"post","link":"https:\/\/www.bainesjewitt.co.uk\/blog\/simple-assessment-letters-sent-to-560000-taxpayers-what-you-need-to-know\/","title":{"rendered":"Simple assessment letters sent to 560,000 taxpayers \u2013 What You Need to Know\u00a0"},"content":{"rendered":"

HM Revenue & Customs (HMRC) is reaching out to around 560,000 individuals over the next few weeks regarding their tax obligations.\u00a0<\/span>\u00a0<\/span><\/p>\n

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These letters, which will include a detailed calculation of tax owed, are being sent to customers who have taxable income but are not currently in the self assessment system, or for whom tax cannot be automatically deducted via a PAYE tax code.<\/span>\u00a0<\/span><\/p>\n

If you are among those receiving this letter, it is important to understand what it means and what steps you need to take.<\/span>\u00a0<\/span><\/p>\n

What is the simple assessment?<\/span><\/b>\u00a0<\/span><\/p>\n

The simple assessment process is HMRC\u2019s way of ensuring that individuals with taxable income, who are not covered under the usual PAYE or self assessment systems, pay the correct amount of tax.\u00a0<\/span>\u00a0<\/span><\/p>\n

It allows HMRC to issue a tax calculation directly to the taxpayer, outlining how much tax is owed and when it needs to be paid.<\/span>\u00a0<\/span><\/p>\n

For many, including around 140,000 pensioners, this will be the first time they have received a simple assessment.\u00a0<\/span>\u00a0<\/span><\/p>\n

The letter you receive will provide all the information you need to understand and settle your tax liability.<\/span>\u00a0<\/span><\/p>\n

What to expect in your HMRC Letter<\/span><\/b>\u00a0<\/span><\/p>\n

The letter from HMRC will include:<\/span>\u00a0<\/span><\/p>\n