HMRC have incorrectly calculated a series of 2016/17 tax liabilities, and in mid 2016 they sent incorrect sample calculations to software houses. As a result, the software houses have been compelled to write those inaccuracies into their 2016/17 tax return packages.
HMRC were notified of this problem in November 2016. I first learnt of it in January 2017, and now it transpires (on 29 March 2017) that HMRC have not been able to rewrite their internal software in time for the 2016/17 tax return filing season! And, that means that the …
Business owners need to spend time working “on” the business as well as “in” the business!
Time management is about managing tasks and not about managing time. Get things done!
Helping your business with the annual returns and keeping you on the right side of HMRC and Companies House!