Uncategorised

Please find below all the articles that have been categorised as 'Uncategorised'.

Reasonable Excuse

Wednesday, July 1, 2015

If you have received a penalty for late filing of your personal tax return it is possible to get it cancelled if all of the following conditions are met:

– the penalty relates to your tax return for 2013/14;
– you have now submitted that tax return to HMRC;
– your appeal against the penalty includes a reasonable excuse for the late filing.

The reasonable excuses that HMRC will accept include; computer faults encountered while submitting the return, unexpected postal delays (only applicable to paper tax returns), life-changing events such as the…

RTI penalties

Wednesday, July 1, 2015

Employers are supposed to be warned in advance that a penalty for a late PAYE report is due. The HMRC computer system should send an electronic notice through the PAYE online system, but in some cases those electronic notices have not arrived. If you have received a late filing penalty for PAYE we need to check if any of the following conditions apply:

Three-day grace period

In February 2015 HMRC announced that full payment submission (FPS) reports could be submitted up to three days after the day on which the…

Tax Reconciliation

Wednesday, July 1, 2015

HMRC has started the tax reconciliation process for the majority of taxpayers who are taxed under PAYE. This may include you or your relatives, as this reconciliation also covers those in receipt of the State Retirement Pension and private pensions.

If the HMRC computer system finds there is a difference between the tax collected under PAYE and the amount due for the tax year to 5 April 2015, it will issue a form P800 which includes a tax computation. Even if we are authorised to deal with HMRC on…