I got made redundant in 2006 and got a very nice payout and was told the appropriate part would be taxed at basic rate. I have just sent my accountant my records for 2006-7 and she says that although I was taxed at basic rate at the time, the amount I was paid brought me into higher tax band and I now owe £3200 by end of month.
I am - honestly thought I would get rebate. Please tell me she is mistaken...