Reminder to check tax information on savings and dividend income

Taxpayers should check the accuracy of the savings and dividend income figures shown in their HMRC PAYE Notices of Coding and tax calculations (P800 forms).

Some taxpayers have been given PAYE codes for the current tax year, and tax calculations for previous tax years, that have included out-of-date savings and/or dividend income figures. The majority are paying too much tax as a result. Outdated savings or dividend information can also mean people are not paying enough tax and might be faced with a tax bill.

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