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HMRC exclusion ID52

Article ID
ias-12400
Article Name
HMRC exclusion ID52
Created Date
28th March 2017
Product
IRIS Personal Tax
Problem
HMRC exclusion ID52 is showing the dividend income and liability at an additional/higher rate.
Resolution
When customers have non savings income, savings income, dividend income and the income exceeds the basic rate band the HMRC are incorrectly reducing the higher rate band by the £5000 dividend allowance rather than by the amount of the allowance not used in the basic rate band. This is an HMRC exclusion and a paper return will need to be filed, HMRC are planning on fixing the issue for 17/18. Please ensure that you go to the HMRC web site and search for unable to file form. This is a PDF owned by the HMRC and you will need to download this form and print it off and in box 6 enter in the appropriate exclusion number and attach to your return when sending via post.

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