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For AtW

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    For AtW

    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
    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...

    Comment


      #3
      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

      Comment


        #4
        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".

        Comment


          #5
          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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