The taxman has yet to check the accuracy of 11.5 million PAYE returns from
2005/2006, a Freedom of Information Act request has revealed.
Matt Boyle, a PAYE consultant who made the request, also found that 11
million tax records from employees could not be matched to workers’ records by
HM Revenue & Customs from his request.
‘It is surely an unacceptable situation when HMRC have not reviewed the
liability of approximately 32% of the working population,’ Boyle said in a
BBC report .
A spokesman for the taxman said the situation was improving and more than 75%
would have paid the correct tax.
A growing economy had brought many more people in the tax regime, which was a
reason for the backlog, the spokesperson explained.
Does Darwin's theory apply to taxation? Colin ponders...
The UK tax gap fell in 2014-15 to its lowest-ever level of 6.5%, revealed official statistics published today
Changes to the tax system is urged to support the growth of entrepreneurs, found a report from the Grant Thornton UK, the Institute of Directors, and the Prelude Group
The EC has been instructed to draft a European Union (EU) directive authorising an EU financial transaction tax, which would apply to ten of the EU’s 28 member states