'Legally Cut Tax Bill Now – How to Apply to HMRC for Allowance Millions Miss'

Millions handing HMRC more tax than they need to pay

Experts say many people make an incorrect assumption

Millions of employees could be paying more tax than necessary

New information released by HM Revenue and Customs following a Freedom of Information request suggests that tax overpayments remain a widespread issue. In the 2023/24 tax year alone, around 5.6 million people across the UK paid more tax than they were legally required to. While much attention is usually given to the UK’s tax gap, which measures the difference between tax owed and tax collected, these figures highlight the other side of the probl…

Millions of UK workers are overpaying tax every year

A new Freedom of Information requested from HMRC, released to the public has found that 5.6 million in the UK paid more tax than they needed to in 2023/24. Whilst headlines often focus on the UK’s tax gap – the amount of tax owed vs the amount of tax actually collected by HMRC – this new data shows that taxpayers overpaid £3.47 billion in the same year. How do most people end up overpaying tax? One of the most common causes for the overpayment o…