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Tax Code Confusion?

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You are not alone! HMRC have admitted that, not for the first time, errors in the way they calculate tax codes used for PAYE have affected millions of people. HMRC will now be issuing revised calculations. Many will be receiving rebates of overcharged tax during the course of the next few weeks. Others, less fortunate, will be receiving demands in the Autumn for additional tax for the 2010-11 year.

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