With our thanks to Sara White, Editor, Business & Accountancy Daily
HMRC had hoped to fox this by July but not surprisingly the date has slipped to September, three months later originally announced.
Some self employed taxpayers have been wrongly charged up to £358.80 as a result of an incorrect calculation for the last year.
HMRC said: ‘Unfortunately, incorrect Class 2 NICs letters will continue to be issued until the IT problem is resolved in September. We will be correcting records before any incorrect amounts due affect the tax owed for 2024 to 2025.
‘We are sorry for the inconvenience that this issue has caused. While we understand this may be concerning there should be no long-term impact. Taxpayers who may have made a payment will either be refunded or have a credit added to their self assessment statement.’
The error is not affecting all NI calculations.
If this applies to your clients, they will have received a message to let them know. Taxpayers will be issued with a new SA302 tax calculation after their record has been corrected with a new 30-day limit.
‘Some taxpayers have reported receiving a letter ‘correcting’ their NICs figure to the initial (correct) figure submitted in the tax return. In these circumstances the taxpayer will not receive a further SA302 as the information held on record is correct.”
Kind regards,
Howard Gross BFP FCA FCCA CTA
Director
