Received an SA302 form from HMRC?

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If you’re ever wondering why you were sent form SA302 through the post, it will usually be for one of 3 reasons:

  1. if you sent in a paper tax return asking HMRC to calculate the tax for you;
  2. if you made an amendment to your paper tax return; or
  3. if you sent HMRC a paper tax return and they don’t agree with your calculations for tax.

You will also have received a covering letter explaining the period under scrutiny, the income tax due (or owed) for that tax year with a note of when it’s payable, an explanation of any changes made by HMRC to your figures and lastly information relating to any payments on account which may be required for the next tax year.

So what happens if you believe there is a mistake on the SA302?

Well, you can simply amend your tax return but make sure you let HMRC know as soon as possible (ideally before you receive your tax bill). Taxfile can help you – of course. With Taxfile you can be sure your calculations are correct and include all relevant income, allowable expenses, any tax benefits and so on. It is easy to forget to include such things as dividends and savings interest but Taxfile are here to help steer you through the maze. Simply contact us if you need any help – that’s what we’re here for!