It seems that there has been a wee glitch with RTI, CityAM reports that up to 40,000 people have had their income tax payment "fudged" by Real Time Information (RTI).
Apparently a number of individual employees, mainly from SME's, have been allocated an incorrect tax code resulting in them overpaying their tax.
A spokesman from HMRC is quoted:
“We are aware of a problem affecting a very small number of employers and a small proportion of their employees.I welcome thoughts and comments as to the possible causes of this error.
We are urgently working with the employers to solve this.”
Tax does have to be taxing.
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