Millions of UK households may be owed money due to incorrect tax codes, requiring individuals to check and correct them.
The UK's tax system has come under scrutiny as potentially millions of households may be owed money from HMRC due to incorrect tax codes. This confusion has left many workers bewildered, and it is the responsibility of the individual to check their tax codes, as employers and the taxman are not obligated to do so. If a tax code is incorrect, individuals may be paying more tax than necessary. In order to correct any errors, the government offers a helpful tool on its website that can be used to identify potential issues and reclaim any owed funds.
February 09, 2024
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