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  • Tips & Advice Tax Pro - HMRC errors mean appeal was successful
    HMRC errors mean appeal was successful..Reasonable. Where a tax return is filed late, penalties are usually levied automatically. They can add up very quickly - a return filed 13 months late will incur a minimum penalty of £1,600, even if no tax is actually due. Pro advice 1. In some circumstances the return issued is not really needed, e.g. if your client has omitted to notify HMRC that they ceased self-employment in the earlier year. If this is the case, call the agent dedicated line and request the return...
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  • Tips & Advice Tax - New interactive VAT appeal form
    New interactive VAT appeal form..Surcharges. Where a business submits more than one VAT form late, HMRC can fine (surcharge) it. The surcharge starts at 5%, but where there are further late returns it can increase to 15% of the VAT due. If there’s a good reason for the lateness, e.g. IT problems, an appeal can be made (see The next step ). New form. While you can appeal against a surcharge in a letter, HMRC now provides an interactive online form which makes the job easier and should speed up processing (see...
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  • Tips & Advice Tax - Overturning a VAT assessment or decision
    Your quarterly returns have always run like clockwork, but a visit from HMRC has resulted in a demand for further VAT. You don’t agree with this, but what steps can you take to overturn it without running up a massive accountants’ bill?
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