Search results
You searched in
Business Advice Directory
all "Penalties for not reporting a tax liability"
related advice.There are 10 results
A First-tier Tribunal recently considered whether HMRC was entitled to issue an assessment after the normal time limit had passed. The accountant’s actions were key to the outcome. Why, and how might
this affect your choice of tax advisor?
Published 08.03.2022
Out of the blue you’ve received a request from HMRC for more information about your accounts. As the time limit for an enquiry has passed, is HMRC entitled to it or can you refuse?
Published 22.01.2019
There are strict time limits which prevent HMRC starting enquiries into your tax returns. However, the law gives it another bite of the cherry through the “discovery rules”. How can you defend
yourself against these?
Published 18.04.2018
Tax inspectors will soon have more powers to dig into your tax affairs. What’s more, the new rules will apply retrospectively. What’s the full story?
Published 26.01.2022
In May 2019 the Court of Appeal ruled on HMRC’s handling of a dispute over a self-assessment tax return relating to an avoidance scheme. The ruling included helpful pointers for anyone completing a
tax return. What did the judges say?
Published 26.06.2019
Last year HMRC removed you from the self-assessment (SA) system even though you have tax to pay in January. Can you now safely assume HMRC will tell you if you owe more tax?
Published 08.09.2020
The First-tier Tribunal recently ruled on a long running battle over the validity of tax assessments. A key issue was whether the taxpayer’s tardiness gave HMRC the right to extend the time limits
for issuing them. What was the outcome?
Published 31.05.2022
You’ve recently read that you can be fined if you owe tax for 2022/23 and don’t tell HMRC about it by 5 October 2023. Is this right and if so what steps can you take to avoid a penalty?
Published 18.09.2023
Search all items in entire site