Self assessment - HMRC wrong values

nab1273

I entered my figures for the 2021/22 tax year into the HMRC site yesterday - I know it's very sad doing it on the first day of the tax year but I wanted to have an idea of how much I will owe later in the year. The SEISS value that HMRC has put in was what I was given for 2020/21 - apparently, HMRC now know about this but hasn't been able to change it! Also, my NI calculations were worked out using 9% rather than the new 10.25% rate and also used the wrong threshold - i.e. last year's value rather than the new £12,570. I have told HMRC about this and they don't seem to acknowledge that this is an error! Has anybody else checked this and have you had the same results?

sheramber

The new limit of £12570 does not come into effect until July 22.

Your tax return is for 21/22 so 21/22 limits apply.

nab1273

Thank you sheramber - does this mean my 21/22 tax return is also based on 9% rather than 10.25%?

rubble2

Sorry to jump in on your thread but would like to take this opportunity to praise HMRC after I had to contact them regarding allocation of my personal allowance to my various income sources.

I was dreading ringing them due to the horror stories you hear about how difficult they are to contact but after a 40minute hold on the phone (I've experienced worse with internet providers etc.) I got through to their representative who actioned by request there and then and said I would get confirmation in the next few days.

I woke up the next morning having received an email overnight confirming the changes I had requested - I was impressed.

porkisnotmeat

nab1273 said:

Thank you sheramber - does this mean my 21/22 tax return is also based on 9% rather than 10.25%?

Yes, because your tax return covers the  previous tax year, not the upcoming one.

robatwork

rubble2 said:

Sorry to jump in on your thread but would like to take this opportunity to praise HMRC after I had to contact them regarding allocation of my personal allowance to my various income sources.

I was dreading ringing them due to the horror stories you hear about how difficult they are to contact but after a 40minute hold on the phone (I've experienced worse with internet providers etc.) I got through to their representative who actioned by request there and then and said I would get confirmation in the next few days.

I woke up the next morning having received an email overnight confirming the changes I had requested - I was impressed.

The horror stories are only about the length of time on hold. Once connected there seems to be only fulsome praise for how helpful they are, and I can add my two calls to the "very pleasant and helpful" list.