In HMRC's estimation I underpaid tax in a previous year. Now they want me to pay up, plus a 5% interest fee. I blame my previous employers, who were meant to be paying tax on my behalf and seem to have got their sums wrong.
As far as I can tell HMRC's figures are correct, so there's not much point in appealing, and I intend to pay them. I won't go into details, but let's just say it's a substantial amount. It won't cause me any immediate hardship, but it's a significant hit to my savings.
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| Image source: Daily Telegraph |
My baby son was born on 24 December last year. This has brought many new expenses, with a lot more to come. Childcare alone will cost a small fortune. In the long run, I want to help pay for his first steps as an adult: Driving lessons, housing, most likely a university degree. The money I'm paying in backdated taxes would be very, very useful for all these costs, or to have on hand for unforeseen emergencies.
All the same, I'm not angry.







