A survey by financial services company Canada Life last year revealed that 31% of adults have been on the wrong tax code, and claimed back £689 on average ...
The taxman can 'automatically detect' interest on savings and will know of anyone who have exceeded their allowance ...
HM Revenue and Customs (HMRC) has issued a warning to UK residents with over £3,500 in savings who could face unexpected tax ...
The letters, known as Simple Assessment Letters or Tax Calculation Letters ... in a tax return, if HMRC cannot collect the tax by adjusting your PAYE tax code. For example, this might be where ...
MoneySavingExpert.com also has a free tax code calculator that you can use to get a rough idea about whether yours is correct ...
The letters, known as Simple Assessment Letters or Tax Calculation Letters ... in a tax return, if HMRC cannot collect the tax by adjusting your PAYE tax code. For example, this might be where ...
The government department is in the process of issuing both tax calculation letters (P800 ... were put on the wrong tax code, for example because HMRC had the wrong information about your income ...
In some instances, people working from home can claim tax relief from HM Revenue and Customs (HMRC) for extra household ... rate at which you pay tax. For example, if you pay the 20% basic rate ...
Experts are warning that savers with £3,500 or more may face an unexpected tax bill from HMRC. HMRC can automatically detect ...