Hi
From June 2025, HMRC will begin issuing Simple Assessment letters providing a detailed calculation of any tax owed by taxpayers who are not part of Self Assessment for income received between April 2024 and April 2025.
Simple
Assessment letters are sent to taxpayers, who are not part of Self Assessment and for those who either do not have a PAYE tax code, or where HMRC cannot deduct the tax due automatically through that process.
Most taxpayers who receive one of these letter will have no previous knowledge of what a Simple Assessment is, how it is calculated or why they have underpaid
tax.
A common reason for a Simple Assessment is to pay tax on a taxpayer’s State Pension which was previously covered by their personal allowance before this was frozen. Older taxpayers, in particular, may be concerned it’s a scam.
The Simple Assessment letter details exactly what
taxpayers need to do and includes information about:
- how much tax is owed
- when it needs to be paid (usually by the following 31 January)
- how to pay it, including
what to do if they disagree with the assessment
There are various ways for taxpayers to pay, including the HMRC app.
To support taxpayers who receive a Simple Assessment letter to know what to do, how to pay or to query the calculation, Guilford Accounting is offering a free call with our tax specialist. Details of how to book this call are given below.
Taxpayers can also use this interactive tool —check if you need to pay tax on your pension to see if this is likely to apply to them.
Taxpayers who owe tax from Bank and Building Society interest may receive two Simple Assessment letters in the same tax year depending on when this information is provided to HMRC. When this occurs, any amount due for the second assessment will be independent from the first.
If a taxpayer receives a Simple Assessment, but they have already registered for Self Assessment or filed their tax return for the year to which this assessment relates, they can call HMRC on 0300 200 3300 to have their Simple Assessment withdrawn.
To book a call with a Guilford Accounting tax specialist please
click the button below.
