28 February 2007
My client's income each year is usually just below the higher-rate threshold. In his 2005 return he included interest of £1,000, which put him into the higher-rate bracket. Tax was paid as a result.
I finalised his 2006 return in the last week of January and noticed that the £1,000 income was actually received in 2005-06 (it was included in a statement prepared to 30 April 2005).
Alternatively, you can register free of charge to read a limited amount of subscriber content per month.
Once you have registered, you will receive an email directing you back to read this item in full.
Please reach out to customer services at +44 (0) 330 161 1234 or 'customer.services@lexisnexis.co.uk' for further assistance.
