Overcharge

Hmrc

HMRC Overcharges 40,000 Graduates in Student Loan Interest Error

HM Revenue and Customs (HMRC) has mistakenly overcharged 40,000 graduates on their student loans due to an error in earnings data used to calculate interest rates. This glitch, originating from the tax authority during the …

By Abbie Brown · · 2 min read

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