Calculationerror

Hmrc

HMRC Admits £5 Tax Overcharge on 8.7 Million State Pensioners

HM Revenue and Customs (HMRC) has confirmed it overcharged nearly 8.7 million state pensioners due to a calculation error, resulting in an estimated £43.5 million in excess tax collected last year. The error inflated the …

By Rebecca Duffy · · 2 min read