TaxPersonal TaxTaxpayers waste billions, report says

Taxpayers waste billions, report says

Report from financial adviser group suggests individuals should claim more in allowances

UK taxpayers could be wasting £7.8bn in tax this year, a report has
estimated.

Looking at a combination of unclaimed tax credits and poor use of allowances,
IFA Promotion suggested that UK taxpayers could claim the amount against their
tax bills.

The largest chunk, £2.9bn, came from ‘unclaimed’ tax credits, the report
said.

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