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28 May 2012

Do you know how much tax you pay?

The Treasury has launched a new app which allows users to work out exactly how much tax they pay, and find out where that money is spent. You can download it for your mobile through the Apple Store of Google Play, or just use the online version here www.hmrc.gov.uk/calcs-tools/index.shtml The Treasury's own research found that more than half of us don't know how much income tax and NI we pay each year. So I want to know, do you know how much tax you pay each year? Do you think a calculator like this is useful? Do you plan to use it? And, perhaps most importantly, is it accurate in your case?

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