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HMRC collects £238m too much due to tax code errors
16 August 2010
HM Revenue and Customs collected £238 million too much in tax as a result of taxpayers being given the wrong tax code, according to estimates from accountancy group UHY Hacker Young (UHY). UHY said that HMRC's new computer system had led to an increase in wrong PAYE codes issued to taxpayers, and said the overcharging was 'unacceptable', according to reports. Member of HMRC's advisory board have criticised the implementation of the new IT system, The Mail on Sunday has reported. According to minutes of a meeting of the board, Andrew Hubbard of accountants RSM Tenon said it had been 'driven by the desire to save money, which resulted in too much focus on the Revenue's requirements at the expense of customer requirements.' Published by CityWire
