HMRC offers concession on tax error interest payments

Taxpayers who owe HM Revenue and Customs (HMRC) more than £2,000 as a result of PAYE coding errors will not be charged interest on the sums. People who request extra time to pay because of the size of the amounts that have been underpaid will see any interest charges that otherwise would have arisen waived, … Continue reading HMRC offers concession on tax error interest payments

PAYE mistakes highlight tax system ‘complexity’

PAYE mistakes highlight tax system 'complexity' HM Revenue and Customs' concession that upwards of six million people have either underpaid or overpaid their tax during the past two years is a sign that the current tax regime is overly complicated, it has been claimed. According to Chas Roy-Chowdhury, who is head of taxation at the … Continue reading PAYE mistakes highlight tax system ‘complexity’