Tax return 2017

Muttleysmummy

Managed to submit mine at 4.45 pm yesterday. Checked this morning and it says submitted but not yet received. Anyone know how long before it shows up?

georgiasdragons

Muttleysmummy wrote: »

Managed to submit mine at 4.45 pm yesterday. Checked this morning and it says submitted but not yet received. Anyone know how long before it shows up?

The system updates overnight, so monday should change!

polymaff

Dazed_and_confused wrote: »

Polymaff

I've tried a client's data: £15,600 taxable non-savings plus some taxable savings and, as expected, the tax has been incorrectly calculated.

Can you post up the details to give an idea of what's going wrong?

Limited data for confidentiality: Pensions and other income of £15,837 morphs into: "£15,754 @ 20%" only - uh?. As for the savings, no starting rate allowance applied (as should have been). PSA available and used .

Temporarily add £200 to the other income results in £16,037 with the liability correctly determined as "£16,037 @ 20%" only - fine. As for the savings, no starting rate allowance applied - fine. PSA available and used .

Dazed_and_confused

Sorry but without the split of savings and non savings income really impossible to see what is wrong.

Not everyone with income of £15837 would actually receive/utilise the PSA rate band. If income was £15837 why would 15k be taxed?

polymaff

Dazed_and_confused wrote: »

Sorry but without the split of savings and non savings income really impossible to see what is wrong.

Not everyone with income of £15837 would actually receive/utilise the PSA rate band. If income was £15837 why would 15k be taxed?

Don't worry, HMRC admit that their 2016/17 software won't process this situation correctly. It is just depressing that is the one thing that they have got right - that their software is to be used with known bugs still in there.

I wrote "Pensions and other income", not meaning total taxable income but meaning that components of the client's non-savings taxable income were pensions and other income.

This year HMRC seem to be changing the way they compute liability in that the taxable non-savings income calculation doesn't take account of any personal allowance - but the taxable non-savings income computation does! So much for ordered taxation and ordered consumption of allowances. No wonder they are in such a mess. Even their document detailing the software errors that they are leaving in the online self-assessment software is really badly written.

The only thing I'm not able to explain at the present is why, in the presence of a known bug relating to the starting rate allowance does the client's taxable non-savings figure change from being £15,837 to £15,754.