Tax code errors may hit pensioners

Tax-codeMillions of incorrect tax code forwarded to taxpayers in the UK has left tax payers high and dry which could prove detrimental for the pensioners as the problem may go deep to any length. These ambiguity may result in people paying over £100 extra tax a month at a tough times of global slowdown.

HM Revenue and Customs, under going complete computerization, has been facing problems to identify the exact number of UK taxpayers who got the incorrect tax code.

The people in UK are not in position to pay extra tax given to high inflation and liquidity problem due to slowdown. UK government could have tough time for handling the growing anger in the minds of UK taxpayers against the government.

The Revenue said: "The government remains committed to ensuring everyone pays their fair share of tax and that the minority who seek not to do so should not succeed."