HMRC has acknowledged a mathematical error in the pension tax system, affecting approximately 1.7 million state pension recipients. The issue is attributed to the self-assessment system incorrectly pre-filling state pension income at the new rate for 52 weeks, instead of the correct correct week at the old rate and 51 weeks at the new rate. As a result, HMRC is reviewing potential reimbursements and advising affected pensioners to verify their state pension amounts and PAYE coding notices for any necessary past-due adjustments.
A HMRC calculation error led to overpaid taxes for 1.7 million pensioners. How to claim your refund and avoid future issues with your state pension tax.
www.ibtimes.co.ukThe tax authority admitted a calculation mistake involving state pension income on self-assessment forms
www.gbnews.comIt is extremely difficult to determine honest effort vs dishonest spin, but it's absolutely vital to the process because you have to exclude the spin guys and all their sockpuppets before you do any kind of averaging or consensus. chris_f on May 21, 2020 IMO, Media Bias Fact Check is on of the better external rating sources if you haven't come across them before. … Unfortunately, they seem to have only one post on the ObamaGate topic....
news.ycombinator.comDiscover HMRC state pension tax error. Learn how frozen allowances, DWP system gaps, and the latest glitches affect your tax code and how to claim a refund.
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