In the papers over the weekend it has been reported that millions of people could be left out of pocket due to an online tax error on the HM Revenue and Customs website.

Those people who are self employed and filed their own tax returns online are not only being asked to pay the "back tax" for the previous year but also the full contribution towards next year known as the "payment on account". The "payment on account" is actually due in two installments, half in January and half in July however the error on the HMRC website has calculated and shown to pay the full amount now so many tax payers will be making some of their payment 6 months early.

Particularly with the ecomony as it is, having to make this early tax payment could stretch tax payers even further than they are already.

If you think you may be in this situation and would like us to have a look at your tax statement then please get in touch:

T: 01872 242800
E: support@finance4chiropractors.com