One In Six Pay Wrong Tax

According to HM Revenue and Customs, one in six people paid either too much or not enough tax last year.

The statistic was released as HMRC announced it will be sending 4.7 million letters advising people they either paid too much or to little.

HMRC estimates that between;

  • 1.7 and 3.5 million people will be repaid an average of £340 each
  • 1.2 million will owe £500-£600 each.

“We expect that hardly anyone will be faced with a bill larger than £3,000, but if they want to pay us in one go by cheque they can,” said the HMRC spokesman.

 

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