Thanks El It doesn’t apply to me this year , but it might do for 2019-20 

Baz posted:

Thanks El It doesn’t apply to me this year , but it might do for 2019-20 

Only if you have to do a self assessment tax return. HMRC try to use their own tax calculations (P800s) for taxpayers whose income is mainly employment/pensions and small amounts of interest and dividends rather than taxpayers having to complete a tax return.  If you are in doubt, ring them but not yet as they'll think you are asking about 2017/18 rather than 2018/19.

The bug was there in the previous year's tax returns but it's affected more of my clients this time than before.

El Loro posted:

Baz posted:

Thanks El It doesn’t apply to me this year , but it might do for 2019-20 

Only if you have to do a self assessment tax return. HMRC try to use their own tax calculations (P800s) for taxpayers whose income is mainly employment/pensions and small amounts of interest and dividends rather than taxpayers having to complete a tax return.  If you are in doubt, ring them but not yet as they'll think you are asking about 2017/18 rather than 2018/19.

 

The bug was there in the previous year's tax returns but it's affected more of my clients this time than before.

Thanks El ....I definitely won’t need it for the current tax year .....but next year I will fall into a tax bracket ....but I think , if it’s the same as Mr B , it will be taken off at source ...ie paye  

Baz posted:

El Loro posted:

Baz posted:

Thanks El It doesn’t apply to me this year , but it might do for 2019-20 

Only if you have to do a self assessment tax return. HMRC try to use their own tax calculations (P800s) for taxpayers whose income is mainly employment/pensions and small amounts of interest and dividends rather than taxpayers having to complete a tax return.  If you are in doubt, ring them but not yet as they'll think you are asking about 2017/18 rather than 2018/19.

 

The bug was there in the previous year's tax returns but it's affected more of my clients this time than before.

Thanks El ....I definitely won’t need it for the current tax year .....but next year I will fall into a tax bracket ....but I think , if it’s the same as Mr B , it will be taken off at source ...ie paye  

Assuming that your income is mainly pension income then that's right and you shouldn't need to have to do a tax return.

If your only other income is interest income (ignorings ISAs) then
for standard rate tax payers the first £1,000 is taxable at 0%
for the 40% higher rate tax payers it's only the first £500 which is taxable at 0%
(for those who go into the 45% all their non-ISA interest is taxable at the 45% rate).

For those people who have more interest income than those levels, they'll need to inform HMRC after the end of the tax year as to what interest they've received. That's generally a phone call to them and HMRC do their own calculations without the need for you to do a tax return. The interest would need to be over £10,000 for someone to have to do a tax return.