Stat of the day: 3%

The amount of interest hard-done-by taxpayers will be forced to pay on money they didn't even know they owed...

Last Updated: 09 Oct 2013

They say only two things in life are guaranteed: death and taxes. But after HMRC's IT blunder, taxes have become that little bit less predictable - and to add insult to injury, not only are taxpayers being asked to pay back money they weren't even aware they owed in the first place, but they're also being asked to pay interest at more than six times the base rate. Anyone who owes more than £2,000 will even have to agree their final payment with HMRC by filling in a self-assessment tax return. Baker Tilly head of tax George Bull says HMRC has ‘both right and might’ on its side – but it all seems very unfair…


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