Scots are paying too much tax through no fault of their own.
New research has found that 36 per cent of employees in Scotland have paid too much tax as a result of being on the wrong tax code or through errors with deductions.
Four per cent of Scotland's employees claim to be affected in the past year alone.
The research of over 2,000 people in the UK revealed confusion when it comes to understanding the humble payslip.
More than a quarter of Scottish employees have four or more regular deductions from their gross pay, such as travel loans, childcare vouchers, student loans, gym memberships and medical insurance.
Shaun Shirazian, head of product at Intuit QuickBooks UK, who conducted the research, said: "Many of us can feel a bit lost when checking our payslips and feel unsure about the multiple factors that contribute to our adjusted pay.
"Taxes are complex and the research shows that significant overpaying of tax is caused by payroll issues, such as being on the wrong tax code, or errors with deductions such as childcare vouchers."
The research further found that overpaying tax due to payroll issues was just as prevalent across employees of companies of all sizes, but employees of smaller businesses are far less likely to even check their payslip for mistakes.
|Printer friendly Cite/link Email Feedback|
|Publication:||Paisley Daily Express (Paisley, Scotland)|
|Date:||Sep 3, 2019|
|Previous Article:||John gets rowing to be one in a million; Canoe adventure set to raise thousands for charity.|
|Next Article:||Win free energy for a year.|