HMRC exclusion ID53
Article ID
ias-12401
Article Name
HMRC exclusion ID53
Created Date
28th March 2017
Product
IRIS Personal Tax
Problem
Lloyds underwriters are entitled to tax credits on dividends if their accounting period started before the 6th of April 2016 however HMRC are not including the tax credit in the calculation.
Resolution
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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