Monday 26 June 2017

HMRC's Unusual Combination of Income Types


Taxpayers who have certain income sources and amounts are finding that HMRC’s servers are unable to calculate the correct amount of tax due. Due to discrepancies in the calculations the servers reject any self assessments submitted with the correct tax calculation generated by third party software.

As such, taxpayers who encounter this issue will have to submit a paper tax return.

These circumstances are identified by HMRC as ‘exclusions’ each year. HMRC has added 16 exclusions for 2016/17 identified in collaboration with software developers.

A HMRC spokesperson told CCH Daily:
HMRC is working hard to ensure that no tax is incorrectly assessed. A very small number of self assessment taxpayers who have a very unusual combination of income types will have to use paper tax returns.’ 
Hey-ho, good luck with that then!

Tax does have to be taxing.

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3 comments:

  1. The usual HMRC incompetence. How much do the CEO and other senior 'managers' collect in salary payments?

    Its been said before but this bunch really are an immoral disgusting law unto themselves.

    ReplyDelete
  2. They mess everything up. Could not organise a p**s up in a brewery even if they tried really hard. These useless overpaid wasters are a drain on tax payers resources.

    ReplyDelete
  3. That's a tad harsh ..

    ReplyDelete