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Tax Enquiries Posts

Tax return deadline approaches

Thursday October 18, 2012 at 6:41pm

It’s that time of year again and the 31 October deadline for submitting your paper tax return for 2011-12 is just around the corner. If you can’t make that deadline then you will have until 31 January 2013 to submit, but on-line only. Late submission attracts an automatic penalty of £100 and there is no leeway. Even if you owe no tax, the fine will still be payable and an extra £10 is added to the fine every day until your return is submitted. Aside from the fine, as the ....

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Late payment penalty fines – will HMRC have to pay you back?

Thursday January 26, 2012 at 9:00am

January can be a gloomy month – not least for those facing the deadline for completing their online tax return – but January 2012 has brought at least a small ray of sunshine for small businesses which feel unfairly treated by Her Majesty’s Revenue and Customs. In a precedent-setting judgement, the Tax Tribunal has ruled the Government is acting illegally by issuing late-payment penalty fines against thousands of small businesses which fail to submit their tax returns on time....

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HMRC tax enquiries on the up

Thursday January 5, 2012 at 9:00am

I do think HMRC might be over-egging it a bit when it comes to tax enquiries at the moment. It’s been reported that HMRC recovered £179 million as a result of enquiries into tax returns in one year alone. Over recent years HMRC have become more and more determined to discover tax discrepancies. There’s nothing wrong with that in my view, if they are tackling people who are making false claims or trying to fiddle the system. But unfortunately it also means than many innocent b....

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Facing a tax enquiry? Why you need to take charge

Thursday September 29, 2011 at 9:30am

There seems to be a never ending stream of initiatives from HMRC relating to how they handle tax enquiries where (rightly or wrongly) they consider that something needs explaining. Now HMRC’s procedures are being streamlined with the aim of reducing the time an enquiry takes. Specifically there will now be 4 levels of enquiry under the Single Compliance Process (SCP). At what they call level 1 they are reducing the time taken to just 1.5 days. That’s for very simple enquiries wher....

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