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UK's Tax Waste Mountain Grows To £7.9 Billion
More than eight in ten (82%) of UK adults will waste £7.9 billion in unnecessary tax in 2007, according to IFA Promotion's (IFAP) annual TaxAction report.
This is a massive £300 million increase on last year and the highest ever since IFAPs campaign began.
Personal tax levels have also soared from a collective £40.5 billion to £149 billion over the past 20 years for all UK adults.
Although 27 million (62%) people resent this rising tax bill, 74% admit to not taking steps to reduce their tax. This means UK adults are currently throwing away an average of £160 each on tax in 2007
Source: IFA Promotions (an Independent Financial Adviser promotion and lobbying organisation)
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