Authorities reveal major tax error
HM Revenue and Customs has this weekend revealed that nearly 6,000,000 people in the UK paid the wrong amount of tax last year with a shortfall of around £2 billion for the PAYE system. Due to the error at HM Revenue and Customs around 1.4 million people in the UK will be forced to pay back an average £1420 to cover the under payment of taxes in the past. Through no fault of their own this means that many people will struggle to find this additional funding especially in the current economic environment.
This is not the first time that the UK taxation system has been severely criticised with many believing the system is basically too complicated and too long-winded. The coalition government has promised to simplify the UK tax system although this will take time because layer after layer of new taxes and new procedures have been added over the years. This is a system which has taken decades to build and will take some time to dismantle.
When you consider how much money HM Revenue and Customs receives from the UK taxpayer there are many people who are unimpressed by this latest issues to be announced.
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