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Bank loan: Millions more could face HMRC tax demands

HM Revenue and Customs (HMRC) has admitted that millions more UK consumers could have paid the wrong amount of tax over the past two years.

Dame Lesley Strathie, HMRC's chief executive, revealed that the tax details of ten million UK taxpayers have yet to be scrutinised, meaning many more could be involved in the recent tax blunder.

Earlier this year, HMRC claimed six million Britons had either paid too little or too much tax through the Pay-as-You-Earn system after a calculation error.

During a hearing with the Public Accounts Committee, Ms Strathie stated that the previous figure of those affected – six million – was in fact an estimate.

She said: "The numbers will keep moving. Each time we do another batch we test assumptions against reality and judge what we think is in the rest of the mix.

"The ten million are those cases that are not completely straightforward. They are different scenarios and we are looking at them one at a time."

Posted by Amir Hussain

Amir specialises in personal loans, consumer debt and debt management ADNFCR-2776-ID-800114839-ADNFCR



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