Sir Steve Webb (Royal London’s director of policy) said:£262m refunded to taxpayers who overpaid tax when drawing on pension cash since start of the pension freedoms, according to new figures from HMRC.— Josephine Cumbo (@JosephineCumbo) January 31, 2018
“HMRC is clearly out of control. It operates a system of ‘tax first, ask questions later’, presumably so that the Government can enjoy some extra interest until the money is claimed back.
It is time to speak up for ordinary citizens who are forced to pay excessive amounts of tax and then go through the hassle of claiming it back. This is a system built around the needs of the Treasury and the bureaucracy, not one which puts people first.”
Tax does have to be taxing.
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