Dont over react. It's one rule that wont apply to any of my clients. I doubt you know of every rule. My software would pick up the issue if it was relevant to any of my clients in the future.
I have FL Memo which seemed to be comprehensive.
I have now seen the reference to the Deductions Allowance which is where I wasnt expecting it.
As it as been stated it wont affect any of my clients.
To start off with HMRC said that they would have to do a tax return if they go untaxed income. It appears that they dont consider state pension as untaxed income.
You have a lot of faith that HMRC will get the calculations right.
Sometimes they do and sometimes they dont. Maybe most the time they do get it right.
My husband and wife couple get income of £250k and may want to spend a few hundred in having the figures checked.
Some of my clients dont have much income and dont need any checks.
I completed an "adjusted" HMRC questionnaire for 2022-2023 because the next year is not available yet.
It would appear that HMRC have thought about the state pension and would take that into account in their calculations and a tax return isnt required if the only untaxed income is the state pension
There's no mention of bank interest received though!
My answers
Dont over react. It's one rule that wont apply to any of my clients. I doubt you know of every rule. My software would pick up the issue if it was relevant to any of my clients in the future.
I have FL Memo which seemed to be comprehensive.
I have now seen the reference to the Deductions Allowance which is where I wasnt expecting it.
As it as been stated it wont affect any of my clients.
I thought the DWP and banks notified HMRC.
If the taxpayer or advisor has to notify HMRC it would appear better to just do tax returns. It's less hassle and provides a check on the tax payable.
"TaxChecker.
Not their real name, but I don't see what that has to do with you."
So you are refusing to tell me whether you are talking about an HMRC person, an accountant or a taxpayer.
I think I can ignore your contribution given your attitude.
who by?
Exactly!
HMRC could easily have said you dont need to submit a tax return if your only untaxed income is state pension if they wanted to be helpful.
They ask about state pension in the interactive Q & A so why cant they mention it in the text?
They dont mention bank interest received anywhere.
To start off with HMRC said that they would have to do a tax return if they go untaxed income. It appears that they dont consider state pension as untaxed income.
You have a lot of faith that HMRC will get the calculations right.
Sometimes they do and sometimes they dont. Maybe most the time they do get it right.
My husband and wife couple get income of £250k and may want to spend a few hundred in having the figures checked.
Some of my clients dont have much income and dont need any checks.
I will send the following link when it is updated
https://www.gov.uk/self-assessment-tax-returns/who-must-send-a-tax-retur...
I'll mention they dont need to worry about a state pension falling under untaxed income or bank interest under £500 per year.
https://www.gov.uk/self-assessment-tax-returns/who-must-send-a-tax-retur...
I completed an "adjusted" HMRC questionnaire for 2022-2023 because the next year is not available yet.
It would appear that HMRC have thought about the state pension and would take that into account in their calculations and a tax return isnt required if the only untaxed income is the state pension
There's no mention of bank interest received though!