June 29th, 2011

HMRC admit as many as one in six may have paid the wrong amount of tax last year

HMRC admit as many as one in six may have paid the wrong amount of tax last year 

HMRC are about to send out demands totalling £720m to people who paid too little tax in 2010/11.  164,000 of those affected are pensioners. 

Last year when a similar thing happened the Government promised that this was a one off.  However, HMRC are now admitting that these errors are still continuing.  

Last year the government wrote of debts under £300, however this year they are to collect all amounts due.  The concessions given last time are not to apply as taxpayers will have been informed of the errors within 12 months of the end of the tax year.

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John manages a wide portfolio of owner managed businesses and oversees the smooth operation of the firm’s payroll department.

After obtaining his degree in mathematics from the University of Liverpool, John joined Jonathan Ford & Co in 2004 and qualified as a chartered accountant four years later. John likes to keep abreast of developments in tax and accounting and is responsible for the mentoring of junior staff.

Outside of work, John enjoys keeping fit and is a Liverpool FC season ticket holder.

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