Benchmarking survey report 2023

Overpayments 66% have overpayments in the previous tax year (6 April 2022 – 5 April 2023). 32% shared the gross value of these overpayments were between £1,001 – £5,000, 13% £5,001 – £10,000 and 22% were between £10,001 – £50,000. Regarding the number of overpayments, 75% said that 1 – 10 were made in the previous tax year and 16% made 11 – 30 overpayments, whereas 6% made over 90 overpayments. This can be dependent on the size of the PAYE being processed. Regarding recovering these overpayments (included those that have been recovered or written off), 89% have been recovered, 65% are currently being recovered, 65% have been written off and 17% don’t track the information.

75%

How many UK overpayments (%) were made in the previous tax year (6 April 2022 – 5 April 2023)?

16%

6%

1.5% 1.5% 0%

1 – 10

11 – 30

31 – 50

51 – 70

71 – 90

Over 90

Number of UK overpayments

What is the total gross value (£) of all these UK overpayments?

Did you have any overpayments in the previous tax year (6 April 20233 – 5 April 2023)

32%

22%

34% No

13%

9.5%

66% Yes

8%

8%

3%

3%

1.5%

1 – 100

101 – 500

501 – 1,000 1,001 – 5,000

5,001 – 10,000

10,001 – 50,000

50,001 – 100,000

100,001 - 500,000

Over 500,00

Number of UK overpayments

* Please note: bureau respondents may have selected multiple business sectors.

18

Percentages have been rounded to the nearest whole number for clarity and in some instances may not total 100%

Made with FlippingBook - Online magazine maker