Thousands at risk of tax errors due to HMRC software glitches
11 Apr 2017
Thousands of people face paying hundreds of pounds too much tax next year, following errors in HM Revenue & Custom’s (HMRC) tax computation software for 2016-17.
Experts have blamed "horrendously complex" changes to the taxation of dividends and savings income.
According to HMRC, one of the groups likely to be affected include business owners, comprising people with annual incomes of more than £145,000 and non-dividend income of between £27,000 and £32,000. This group stands to lose up to £280 because of the software glitches.
“A very small percentage of self-assessment taxpayers who have an unusual combination of income types currently have to use paper tax returns," HMRC says in a statement to the Financial Times. "We are constantly improving our online services to make them more comprehensive and user friendly. Last year more than 9.5m people successfully submitted tax returns online.”
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