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We have been here before
Extract above
Or, as AccountingWEB’s tax policy editor Rebecca Cave previously observed, “All this talk of digital accounts, quarterly reporting, and paying tax in real time, assumes that the software behind the tax calculations is correct and in line with tax law. Who checks that this is the case?”
SIIIIIGGGGGGGGGGGhhhhhhhhhhhhhhhh
Me
Extract above
Or, as AccountingWEB’s tax policy editor Rebecca Cave previously observed, “All this talk of digital accounts, quarterly reporting, and paying tax in real time, assumes that the software behind the tax calculations is correct and in line with tax law. Who checks that this is the case?”
Well, I certainly do.
I work the tax out myself before I complete the return and see if HMRC agree.
It's as much a check that I've entered everything to be fair.
Another Tax Calculation Error
I have heard that there is also an error in computing the rent a room allowance but I don't have any further details as yet. A friend of mine has said that it was brought to her attention when her manual tax calculation did not agree with the calculation produced online by the Revenue. She has queried it with them and they have agreed there is an error. However, I don't have any further details as yet.
Storm in a teacup?
I would be interested to know how many people are actually affected by this issue. I'm guessing not that many.
Divorces
There was a similar issue noticed in the software underlying many divorce settlements recently, along the line of it took the assets into account but not the liabilities. From memory that glitch had been there since Apr-14 and had only just been noticed, and was estimated to have impacted on a large number of settlements in that period.
It seems so fundamental that the software standard needs to match the law that it is hard to imagine why something isn't already in place
HMRC software and the law
It's also important that HMRC's software is fully compliant with the law and not simply HMRC's interpretation of the law.....the two can be poles apart from a simply read of some of HMRC's manuals