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HMRC updates tax codes, reducing tax-free allowances for savings interest, confusing UK taxpayers.
HMRC is sending new tax codes to thousands of UK individuals, affecting those with savings over certain limits.
This change reduces tax-free allowances for savings interest, impacting how much tax these individuals will pay.
The updates began with the new tax year on April 6 and have led to confusion among some taxpayers, with discussions on forums like the UK Personal Finance sub-Reddit.
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HMRC actualiza los códigos impositivos, reduciendo las deducciones libres de impuestos para los intereses de ahorro, confundiendo a los contribuyentes del Reino Unido.