SE71405 - Assessments, appeals and other procedures
Assessments for tax years 1996/97 onwards
Assessments not needed in most cases
Nearly all Schedule E tax is collected on a provisional basis
through the PAYE system using code numbers and tax tables. Tax is
deducted from wages and salaries by the employer and paid over to
the Collector. The code number can take into account other Schedule
E income from which tax cannot be deducted directly, such as
benefits in kind. Small amounts of income assessable under other
Schedules of charge can also be effectively taxed through PAYE by
setting allowances against them and only giving any balance in the
code number.
So, for most taxpayers whose income is wholly or mainly
within Schedule E, where the PAYE coding notice is accurate and
deductions are made in accordance with cumulative tax tables, the
total net tax deducted will be correct so that no further action is
needed. (The PAYE system is designed to marginally under-deduct to
prevent large numbers of taxpayers overpaying very small amounts
and then making repayment claims.)
Section 205 ICTA 1988
Section 205 ICTA 1988 provides that assessments are not needed
when PAYE gets things right in the tax year.
In most cases where PAYE has not got things right in the tax
year, matters are sorted out informally at the year-end rather than
by assessment. Under the informal procedures which have existed for
many years, over-payments are repaid automatically and
under-payments, up to a limit (currently £2,000 ), are
automatically coded out for collection through PAYE in a later
year. The taxpayer is not disadvantaged in any way by the informal
procedures. The saving to the Revenue is simply in administrative
costs, and the taxpayer is saved unnecessary work These informal
procedures, which are set up under the general power given to the
Board of Inland Revenue to manage the tax system, are covered at
EP4650 onwards.
However Section 205 ICTA 1988 also gives taxpayers the right
to self assess for any year.
