New online filing exclusions for 2017 self assessment returns
The government’s dividend and savings income tax changes have proved too complicated for HMRC to compute, explains Tim Good
As commercial software providers release the 2017 versions of their tax return software, HMRC has had to concede that the dividend tax allowance of £5,000 (introduced by George Osborne in 2016) has made the personal tax computation too complicated for the HMRC technicians to program the HMRC tax computation accurately.
As a result the software houses have been told by HMRC that their software should not be used to file online if a taxpayer has combinations of particular types of income. Instead, a paper return should be submitted and HMRC has said it will extend the normal deadline of 31 October 2017 for paper returns to the online filing deadline of 31 January 2018.