I think they're probably rubbing their hands together, waiting for the raft of late payment charges that will be coming their way. Its all part of a cunning plan...
Plus the fact that quite a few statements are just stating the 2016/17 balancing payment and still missing out the 1st 2017/18 POA!
HMRC say that they are aware of this issue but are not making it public at the moment...
Has anyone found a tax return being rejected where neither a Group A nor Group B situation applies?
I have just had a return rejected because HMRC are allocating all the personal allowance to non-savings income, whereas allocating it across NS, S and D income gives a better result.
What about all those poor taxpayers using HMRC software and overpaying tax?
Now very grumpy on a Friday afternoon!!
I think it would effect gift aid.
In the scenario mentioned by Jon (pension £10,000, dividends £5,000), there would be zero tax liability. Therefore, if the pensioner did make gift aid contributions there would be a retained tax charge equal to the basic rate tax the charity reclaims on the gift.
We would need to start advising such clients not to tick the gift aid box.