Britons 'waste £7.9 billion' in avoidable tax
British adults are collectively wasting billions of pounds each year by paying "unnecessary" tax, it has been claimed.According to a survey from IFA Promotion, personal tax contributions from UK citizens have risen by 367 per cent in the last two decades, while 74 per cent of Britons admit to taking no steps to reduce their tax outgoings.David Elms, chief executive of the firm, said: "Since we launched TaxAction fifteen years ago, we have seen a shift in responsibility in personal tax away from HMRC [HM Revenues & Customs] and towards the individual."He added that British consumers are still not taking adequate steps to reduce their inheritance tax outgoings, with £1.5 billion to be paid through the tax this year.Last month, HMRC launched a radio campaign advising workers who believe their employer may not be making income tax and National Insurance contributions on their behalf to ring a tax evasion hotline.
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