Millions overpaid tax for 2011/12 – did you?

HMRC has recently indicated that income tax of more than £1.3bn has been incorrectly taken from workers for the tax year 2011/12. Those affected will start to receive letters from next month advising of any over/underpayments of tax and how to rectify the situation. Current estimates show that between 2.1m and 3.5m paid too much tax in 2011/12, averaging £379 per … Read More