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HMRC Computer isn’t always correct

Monday June 2017

HM Revenue and Customs have acknowledged that their software and some commercial software used by accountants doesn’t always come up with the right amount of tax payable! You may have seen this reported in some newspapers such as the Daily Telegraph.

This arises because the tax system of different income tax personal allowances, dividend allowances, savings rates has become more complicated rather than getting simpler!

These anomalies only arise in certain limited circumstances depending on the combination of dividends, interest and other income. We will ensure that tax returns are correct, as you would expect however in specific scenarios tax returns will have to be filed manually,  rather than online. It is therefore more important than ever to be getting returns done as soon as possible.

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