UK adults overpaid £9.3bn in tax in '07 - report

The firm says that, although consumers mitigated a VAT burden worth £6.6bn over the same period through cash payments, they should take tax action legally by claiming tax credits due, completing self-assessment forms correctly and making use of ISA and income tax allowances. It points to a series of tax reduction methods, including: avoiding IHT liabilities by writing life assurance policies in trust and making a will; using up annual ISA allowances; claiming pension credits, child tax credits and working family tax credits; being punctual with returning self-assessment forms; maximising ...