Has anybody got information that they can give me about an apparent issue with HMRC and their calculation of 2016/17 CGT for trusts? I have recently submitted a 2017 TR for a trust showing a liability of about £11,700. I use TaxCalc for all my clients. HMRC has now issued a statement (no computation) to the trustees suggesting that the liability should be £17,700.
I briefly saw something from the Tax Advice Network this morning that suggested that there is a 'known' issue and HMRC is working to fix the problem. Unfortunately, I do not subscribe to the Tax Advice Network and cannot see their reference to where some good news about this is apparently to be found. Can anybody shed some light on this for me please?
I did try to see if there was anything on HMRC's website generally but found nothing there and when I looked for the client online records I discovered that my agent's authorisation for the client has dissappeared! So I cannot call HMRC about this for the specific client.
That leads me to the other part of my concern which is the Trust Registration process. I realised that, in addition to the specific trust client above, a couple of other trust clients had disappeared from my client list and wondered if this was linked in some way to the fact that I completed the new online Trust Registration process for them only yesterday? Or is this a pure coincidence?
Bearing in mind that the Trust Registration process necessitated the setting up of a new HMRC agent login, but there are no clients listed under that login, has anybody had a similar experience with their trust clients?
Many thanks in advance.