Tax - Enquiries & penalties

Recently added Tips & Advice

COMPLIANCE - 07.07.2020

What is a reasonable excuse?

HMRC has updated its guidance on what it will accept as a reasonable excuse for late filing or payment resulting from the coronavirus pandemic. What does the guidance say and how much latitude does it give you?
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EMPLOYER BULLETIN - 06.07.2020

There’s more than coronavirus

HMRC’s June Employer Bulletin has provided a welcome respite from the endless coronavirus news. What key matters does it cover?
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HMRC COMPLIANCE - 25.06.2020

Can HMRC demand security from clients?

One of your clients has been struggling with cash flow and has had issues paying their PAYE liabilities on time. Reeling from the effects of the coronavirus outbreak, HMRC is now demanding a security payment. What does this mean for your client?
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TAX PAYMENTS - 22.06.2020

HMRC to collect some tax debts sooner

Although HMRC is taking steps to help those who can’t afford to pay their bills, it’s changed its system to collect some tax sooner. What’s the full story?
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VAT - 22.06.2020

How to make a successful late VAT claim

Your bookkeeper has found a batch of purchase invoices on which VAT hasn’t been reclaimed. They date back a few years and you think that it may be too late to reclaim the VAT. What is and isn’t allowed?
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CORONAVIRUS - HMRC - 28.05.2020

HMRC’s approach to deadlines clarified

Too late? Deadlines are a key part of the tax system and there’s often a financial penalty for lateness. However, the rules allow some leeway if you have a “reasonable excuse” for missing a deadline for payment or submitting a document. With this in mind HMRC has issued guidance on when it will accept coronavirus as a reasonable excuse. When submitting an appeal for a late penalty you need to explain how the virus prevented you from meeting the deadline (see The next step ). ...
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Tax - Enquiries & penalties

Most read Tips & Advice

CORONAVIRUS - HMRC - 28.05.2020

HMRC’s approach to deadlines clarified

Too late? Deadlines are a key part of the tax system and there’s often a financial penalty for lateness. However, the rules allow some leeway if you have a “reasonable excuse” for missing a deadline for payment or submitting a document. With this in mind HMRC has issued guidance on when it will accept coronavirus as a reasonable excuse. When submitting an appeal for a late penalty you need to explain how the virus prevented you from meeting the deadline (see The next step ). ...
Read more

TAX PAYMENTS - 22.06.2020

HMRC to collect some tax debts sooner

Although HMRC is taking steps to help those who can’t afford to pay their bills, it’s changed its system to collect some tax sooner. What’s the full story?
Read more

VAT - 22.06.2020

How to make a successful late VAT claim

Your bookkeeper has found a batch of purchase invoices on which VAT hasn’t been reclaimed. They date back a few years and you think that it may be too late to reclaim the VAT. What is and isn’t allowed?
Read more

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