Tax refund figures published this morning by HM Revenue & Customs (HMRC) show the organisation is "out of control" when it comes to over-taxing people and then expecting them to claim refunds, according to Royal London.
Analysis from the provider showed that since April 2015, HMRC has had to hand back just under half a billion pounds to taxpayers who have been over-taxed. Royal London said HMRC is collecting huge sums...
Scheme pays or not scheme pays?
Platform tools fall short
Report outlined one-off 5% tax on wealth above £500k
Third highest monthly figure since 1993
'Cannot normalise this level of loss'
There is no shortage of IFA firms looking to sell up, writes Daniel Baade. However, the big question is how to finance the acquisition of IFA or wealth management firms...
Supported over Christmas
Plus online scams