HMRC Tax Calculator App
A tax calculator app created by HM Revenue and Customs has been updated. New features have been added to the app which was introduced in the spring and helps users work out how much tax they pay and how it is spent by the Government. Over 250,000 people have downloaded the app which is available for free from Apple’s iTunes store and Google’s Play store.
Exchequer Secretary to the Treasury, David Gauke, explained that:
“Taxpayers have a right to know how their money is spent. The calculator is an excellent way to bring transparency into the tax system. With so many people downloading the app, we can see that there is a real appetite to know where taxpayers’ hard-earned money is spent.”
The app’s new features include:
- Updated public spending information
- Pop-up explanations giving detailed descriptions of each spending category
- Ability to enter your own tax code
- More details on tax rates used – showing what income has been taxed at which rate, and the rate at which National Insurance has been charged.
It seems to be a good idea and helps people find out more about why tax is paid and how it gets spent.