2016-17 HMRC Exclusion Errors

HMRC have confirmed that from 19 November 2018 they will be reviewing and reworking up to 30,000 self-assessment returns for the tax year 2016/17 which were filed online.

This is because HMRC believe that there is a risk that their tax calculator has incorrectly computed the tax liabilities for tens of thousands of individuals.

Nicola Roby, Director at CHW Small Business Accounting in Bolton briefly explains the issue and encourages you to get in touch if you believe you may be affected.

The error only affects electronically filed returns, not those which have been filed on paper. However, less than 10% of returns are filed on paper, so the majority of returns are affected.

If you are affected, you will shortly receive a revised SA302 calculation, along with advice on what you need to do. HMRC have said that all those affected will be contacted by the end of November 2018 so they have given themselves a very short timeframe.

Penalties will not be applied in these cases and interest will not be charged on any new amounts which are due, providing they are paid within 28 days of the date on the SA302 Advice note. We believe this is only reasonable given that a problem at HMRC’s end has caused the problem.

What is worrying is that HMRC will not be sending the revised tax calculation to us as your accountant.

Please forward any communication you receive from HMRC to us so that we can review any revised SA302 carefully. HMRC did not get their calculations right the first time and so we shouldn’t trust they will get it right at the second attempt.


This article is for general guidance only. It provides an outline, and may not include points which are important to your situation. You should not depend on this blog without taking advice based on the full facts of your case. The information given was correct at the time of publication.

DID YOU FIND THIS USEFUL?

Share it with your network:  

Want more great content?
Sign up to our newsletter

Follow us

Tweets by @CHW-accounting

CHW-Accounting
@chw-accounting


Twitter: chw_accounting

WHAT'S THE NEWS?

Grab a biscuit and a brew and read our latest news.

4 June 2020

Local authority discretionary grants fund launches

by

A new grant scheme aimed at small businesses who have not been eligible for support during the coronavirus pandemic has opened. Small and micro businesses with…


Read more >

2 June 2020

Coronavirus Job Retention Scheme – Changes announced

by

Chancellor Rishi Sunak announced a number of changes to the Coronavirus Job Retention Scheme (CJRS) last week. The detail of the changes is below: As widely anticipated The…


Read more >

7 May 2020

Coronavirus Business Interruption Loan Scheme Update

by

Here our head of funding, Ben Day gives an update on the alternative lenders that have been accredited to CBILS providing a more flexible and innovative…


Read more >

5 May 2020

Additional funding announced to help small businesses

by

Additional funding has been announced to help small businesses which were previously unable to access an emergency coronavirus government grant scheme.   On Saturday (2nd May) the…


Read more >

28 April 2020

New loan scheme launched for small to medium sized...

by

Chancellor Rishi Sunak yesterday unveiled a new loan scheme aimed at small to medium sized businesses.  The Bounce Back Loans scheme (BBLS) will offer loans up…


Read more >

YOUR CHALLENGES

No matter what your challenge is, we’ve probably dealt with it before.



Need an Accountant?

Get in touch >


Need an Accountant?

Get in touch >


Tax issues?

Find out more >


Tax issues?

Find out more >


Trying to grow your business?

We can help >


Trying to grow your business?

We can help >


Managing cashflow?

We can help >


Managing cashflow?

We can help >


Starting a business?

We can help >


Starting a business?

We can help >


Looking for funding?

Need help with funding? >


Looking for funding?

Need help with funding? >


Buying or selling a business?

We can help >


Buying or selling a business?

We can help >


Adopt the cloud?

We can help >


Adopt the cloud?

We can help >


What else can we do for you?

We can help >


What else can we do for you?

We can help >
CONTACT US

Get in touch, no hard sell, just a brew, a biscuit and a chat.