Tax code errors as enquiries skyrocket
Taxman liable for hundreds of millions for incorrect tax codes
HM Revenue & Customs owes hundreds of millions of pounds to as many as
4.5m British taxpayers after allocating them with incorrect tax codes.
There were 20m queries about tax codes in March this year, up from around 16m
last year, according to
timesonline.co.uk
The National Audit Office estimates the department could be liable to repay
£1.6bn to taxpayers who had too much tax deducted from their wages.
Angela Beech, head of personal tax at Blick Rothenberg, said: ‘These figures
are horrific. It is unbelievable that so many people have not paid the right
amount of tax, and it is sometimes difficult for them to claim this money back.’
Further Reading:
Software
special: the technology of tax
Effect
of tax enquiries will be ‘negligible’