July 6th, 2011

HMRC grab-back from pay packets set to rise

The taxman will be allowed to claw back up to £250 per month from the pay packets of people who have underpaid their tax.

From April next year, the maximum HMRC can collect via PAYE will increase from £2,000 to £3,000 with maximum monthly payments rising from £157 to £250. This should be generally helpful for taxpayers as it makes it less painful to have it taken from your salary rather than writing out a cheque.

You may still pay it off in a lump sum if you telephone the number on the P800 Tax Calculation Form (sent to those who have paid too little or too much tax) if you prefer.

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Managing Director

Jonathan trained as a chartered accountant with Price Waterhouse (now PWC) in Liverpool before becoming a small business services manager for Grant Thornton in Warrington. He also spent three years as the financial controller for Brookside and Hollyoaks (not that he ever mentions it!).

Jonathan is recognised as a specialist in the entertainment industry and is often called upon to provide training courses and seminars for media professionals. He's also a bit of a technology geek and has been recognised with the accountancy industry as one of the most progressive accountants in the UK.
Outside of work Jonathan is very proud to be the Treasurer of the Tim Parry Johnathan Ball Foundation for Peace and to be on the Council of the Liverpool Institute of Performing Arts (LIPA)

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