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5 November, 2019
HMRC has confirmed that it has reviewed approximately 30,000 self-assessment returns for 2017-18 where it considers that there is a risk that its tax calculator has incorrectly computed the individual’s tax liability because of a known exclusion.
This only affects electronically filed returns, not those you may have filed on paper due to your circumstances making you an excluded case.
Affected taxpayers will receive a new SA302 tax calculation, together with advice on what they need to do, by the end of October 2019. A copy of the letter and revised SA302 should also be sent to agents.
HMRC has confirmed that penalties will not be applied in these cases and interest will not be charged on any new amounts becoming payable, providing they are paid within 28 days
Blog post by: Ian Marlow