I understood that some years ago HMRC agreed that it was not appropriate to adjust PAYE codes to cover "potential" higher rate tax liability, that might be due on, as yet unknown, future unearned income (in my case dividends).
And to be fair to HMRC they dropped this item from my PAYE code, for the last two or three years.
However, following my SA return for 2012/13, this item has reappeared on a notification of tax code change for the remaining part of 2013/14 and a proposed code for 2014/15.
Have HMRC instructions changed, regarding higher rate adjustment to PAYE codes for “potential” unearned income ?
If I ask for this to be removed, in line with previous years, and higher rate tax does fall due for unearned income (which it almost certainly will), do I run the risk of attracting fines/interest for underpaid tax, since it will have been I that asked for it to be removed from my PAYE code ?