Thursday, 05 July 2007

U.K. Auditor Says Approximately One Million Pay Wrong Amount of Income Tax

(Bloomberg) -- About a million people in Britain paid
the wrong amount of income tax in the fiscal year ended March, 8
percent more than a year earlier, the public spending watchdog
said.

The National Audit Office said in a report today that
miscalculations by the tax authority affected about one in 20
taxpayers. The department undercharged some taxpayers by 125
million ($250 million) and overcharged others by 157 million
pounds.


Read more at Bloomberg Bonds News

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