Personal Tax- Other/Private pension incorrect/missing on Tax comp
Article ID
personal-tax-other-private-pension-missing-from-tax-comp
Article Name
Personal Tax- Other/Private pension incorrect/missing on Tax comp
Created Date
9th August 2021
Product
Problem
IRIS Personal Tax- Other/private pension entry is incorrect or missing from Tax comp yet it appears on the Schedules of Data report
Resolution
The pension entry or tax deduction is missing or is a different value on the Tax comp OR the pension value is missing from Schedules of Data and Checklist OR it still appears on Schedules of Data but missing on SA100 etc . This can also be a ‘Unknown pension income/benefit’ showing on the comp/smarttax.
1.Load the Client and select the relevant year
2. Setup
3. Retrieve ‘HMRC data practice options’
4. Switch on all 5 tick boxes and OK
5. Pensions and State benefits, Other Pensions
6. On bottom right – ‘View pension and state benefit summary‘ – this may show values from HMRC. If this button is missing, open a different income section eg Employment and then go back to pensions
7. Tick ‘Manual value’ (not HMRC value). If there is a HMRC value here then it will not show on screen or schedules and only appears here.
8. It will now appear on the Tax computation.
NOTE: When it uses the HMRC value and not manual value; it will appear on the ‘Exception report’ when you run a Tax comp etc. You can then decide whether to use your manual value on step 6.
E-checklist is not picking up any HMRC value data from prior year – For example Employment and Pension HMRC income is missing on the e-checklist. HMRC values have never been used for e-checklists as these values have been amalgamated and any clients affected would require individual values therefore ‘manual values’ will be picked when using e-checklist. If you want to run 2022 e-checklist, follow these steps:
a) Go back to 2021 and open the HMRC value. Switch to Manual values and enter the same income values.
b) Change to 2022. Edit and Bring forward. Then delete the old e-checklist.
c) Generate a new checklist and it will pick up the Manual values.
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