HMRC tax caluclations wrong
Monsoon
Registered Posts: 4,020 Beyond epic contributor 🧙♂️
I'm just looking at a 2010-11 P800 for a taxpayer who has income in excess of 150k.
They have given him a personal allowance.
They have taxed all income above basic rate at 40%.
They have given him a refund.
My tax software has taken his PA away, and taxed at 40% and 50%.
I've double checked the tax rates for that year and yes, no PA and additional rate 50% applies.
I calculate tax due.
Can HMRC really get it so wrong?!
And, why do they have to get it wrong in the wrong direction? Client won't be happy.
They have given him a personal allowance.
They have taxed all income above basic rate at 40%.
They have given him a refund.
My tax software has taken his PA away, and taxed at 40% and 50%.
I've double checked the tax rates for that year and yes, no PA and additional rate 50% applies.
I calculate tax due.
Can HMRC really get it so wrong?!
And, why do they have to get it wrong in the wrong direction? Client won't be happy.
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Comments
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I agree with you. Surely they have software as we do so it is a bit strange. Its almost as if its gone into the previous year. You sure your client doesnt have friends in hmrc lol?0
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How odd, what do you do now?0
