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HMRC to review 2016/17 tax computations

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HMRC is to review around 30,000 self-assessment tax computations from 2016/17 returns filed online, where it believes there is a risk its tax calculator might have computed liabilities incorrectly. Beginning on 19 November, incorrect calculations will be reworked and reissued. The CIOT has expressed concern at HMRC’s decision not to issue copies of amended SA302 calculation notices to agents.

HMRC expects it will only be necessary to amend about half of the 30,000 returns identified for review.