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The saga continues
Key points
- An appeal is under way against the Silver First-tier Tribunal decision.
- Errors in HMRC’s self-assessment calculators for 2019-20 and 2020-21.
- Overpayment relief claims should be made for 2018-19 and earlier years.
HMRC’s April Agent Update (tinyurl.com/hmrcau83) includes an article on the top slicing relief fully automated approach on life insurance policy gains. As readers will be aware this is a subject close to my heart – see for example my article ‘Here we go again’ (Taxation 27 August 2020 page 16). The following is a reproduction of the HMRC update article with my comments (italicised).
‘The top slicing relief fully automated approach on life insurance policy gains is active from 6 April 2021.
‘HMRC is working to make sure all affected customers from 2018-19 onwards receive all the relief they’re entitled to.
‘Recalculation of reduced personal allowances
‘The new measure acts to...
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