News
HM Revenue & Customs to review and rework some 2016-17 self-assessment tax returns following error
06 November 2018
The Chartered Institute of Taxation (CIOT) has warned that HM Revenue & Customs (HMRC) is to review and potentially rework as many as 30,000 self-assessment tax returns that were filed online for 2016-17 owing to concerns that its tax calculator may have wrongly computed the tax liability.
The review will begin on 19 November 2018 and HMRC will provide a new SA302 calculation where that individual’s liability has changed. However, it will not provide a copy to that individual’s agent or accountant.
Anyone receiving a new SA302 should pass this to their agent or accountant to ensure they are paying the correct amount of tax.
Case Studies
-
Customer care is top of the list for packaging business
-
A modern approach required for music moguls
-
Child's play with proactive accounts management
-
Taxing demands with old school charm
-
Cut above the rest in personal management style
-
A shared passion for architecture and a head for numbers
-
Smiles all round for dental practice
-
Sometimes a business does exactly as it says on the tin
-
A taste for growth, a thirst for knowledge