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The inconsistency and lack of clarity in HMRC’s guidance
KEY POINTS
- What level of property income triggers the requirement for a self-assessment tax return?
- A lack of clarity for customers and HMRC officers.
- Resources wasted by clients professionals and HMRC.
I am confident that readers will be familiar with HMRC’s form R40 – the long-established non-statutory repayment claim form that enables customers to claim their tax refund year on year without the need to enter the self-assessment (SA) system.
This writer has recently had cause to visit the triggers which would pull a claimant over the line into self assessment and has found them confusing and inconsistent.
The property income line
The elderly pensioner concerned had made successful repayment claims for a number of years and a repayment was due for 2007-08.
The difference this year was that a small amount (greater than...
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