calculationerror on Birmingham Dailyhttps://birminghamdaily.co.uk/tags/calculationerror/Recent content in calculationerror on Birmingham DailyHugo -- gohugo.ioen-usMon, 15 Jun 2026 05:54:27 +0000HMRC Admits £5 Tax Overcharge on 8.7 Million State Pensionershttps://birminghamdaily.co.uk/hmrc-admits-5-tax-overcharge-on-8.7-million-state-pensioners/Mon, 15 Jun 2026 05:54:27 +0000https://birminghamdaily.co.uk/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 annual tax bills of affected pensioners by approximately £5 each. An HMRC spokesperson apologized for the mistake, stating, “We regret the error affecting this group and are actively working to correct it. The tax difference is minor, with most cases seeing a £5 discrepancy.