For AtW

[jamesbrown]

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?

[AtW]

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...

[AtW]

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

[jamesbrown]

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".

[jamesbrown]

Minimum level of complexity required to graduate from the HMRC Academy of Artistic License in the field of Interpreting Tax Returns.