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Thread: For AtW

  1. #1

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    You'll like this one.

    Software glitches at HMRC are being blamed for the fact that the system cannot correctly work out how the dividend allowance, the personal savings allowance (a tax-free limit for savings income) and the tax-free personal allowance all fit together.

    HMRC said the move only affected a “very small percentage” of self-assessment taxpayers and that no tax had been wrongly paid.
    Last month Telegraph Money highlighted the errors HMRC had made recording “Class 2” National Insurance Contributions (NICs) for self-employed people. From April 2015, workers’ “Class 2” National Insurance contributions have been declared on self-assessment tax returns. Previously they were paid to HMRC by direct debit.

    HMRC again blamed the errors on a “technical fault” with its systems, and said it had only involved a few people. But after publishing the story we received many emails from those affected.
    What happened to all the decent public sector IT contractors?

  2. #2

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    Pretty pathetic really, this dividend "allowance" should work very easy: reduce taxable dividends by that amount, very fooking simple innit?



    By Jan 2019 reduction to £2k should hit 2 mln people, most of whom I hope voted for Tory Scum for the last time...

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    Just how fooking hard is it - "tax free dividend allowance", so any dividends up to that amount are simply not taxed, removed from any consideration - simple logical thing

  4. #4

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    Quote Originally Posted by AtW View Post
    simple logical thing
    If HMRC were to appear on Mastermind, their specialist subject would be "take a simple logical thing, and turn it into a masterpiece of mind-bending complexity, with a different interpretation from every conceivable angle".

  5. #5

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    Minimum level of complexity required to graduate from the HMRC Academy of Artistic License in the field of Interpreting Tax Returns.


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