Stat of the day: 6m

The number of people in line for a surprise tax rebate.

Last Updated: 09 Oct 2013

Six million people in the UK will have big smiles on their faces week, after HRMC admitted to collecting too much tax from a sixth of people in the UK: they’re now in line for a tax rebate averaging around £400 each.

Sadly, it won’t be good news for a further 1.2m, who didn’t pay enough tax and now owe HMRC up to £600. The mistakes date back to 2007/8 and were spotted as the Inland Revenue carried out an annual check to ensure that tax and National Insurance deducted by employers matched its records.

Last year, HMRC brought in a new IT system to help it spot mistakes, which is why the discrepancies have only come to light now. Better late than never, we suppose – unless you’re one of the unlucky ones who paid too little tax…

Find this article useful?

Get more great articles like this in your inbox every lunchtime

Why collaborations fail

Collaboration needn’t be a dirty word.

How redundancies affect culture

There are ways of preventing 'survivor syndrome' derailing your recovery.

What they don't tell you about inclusive leadership

Briefing: Frances Frei was hired to fix Uber’s ‘bro culture’. Here’s her lesson for where...

Should you downsize the office?

Many businesses are preparing for a 'hybrid' workplace.

How to make your team more accountable

‘Do as I do’ works a lot better than ‘do as I say’.

Black talent isn’t hard to find: It’s just you

If you want to attract the widest range of applicants, you need to think about...