From: David Floyd 
Newsgroups: uk.finance
Subject: Re: IR recalulations.
Date: Tue, 15 Nov 2005 08:26:12 +0000

In message of Tue, 15 Nov 2005, rob writes
>David Floyd wrote:
>> In message of Sun, 13 Nov 2005, rob writes
>>>>  The amounts to be entered in
>>>> those Boxes are the figures quoted in your LAST issued Coding Notice
>>>> for 2004/05 and 2005/06 respectively.
>>>
>> It depends which year the underpayment refers to.  If it is 2003/04
>> (or earlier) then it should not be entered on your 2005 Tax Return,
>> but will be entered on next year's (2006) Return at Box 18.1 (Which
>> will then read "Underpaid tax for earlier years included in your tax
>> code for 2005-06")
>
>Which year is something I wouldn't know as the Coding notice just gives an
>amount.  I shall just have to waith for the IR explanation.

But you should know, because you would have had a schedule E assessment 
issued at some point in the past showing the underpayment and stating 
the fact that it will be collected by adjustment to your Code number.

All in all, and from what I've gathered from this discussion, I feel 
that the underpayment arose in 2003/04 or earlier, and therefore should 
NOT be included on your 2005 Tax Return, but in Box 18.1 NEXT year.

DF