Originally posted by mst1958
View Post
2. make an appeal and ask for the tax to be postponed on the grounds that the liability is disputed. Do this within 30 days.
3. Don't confuse a surcharge for non payment (5% plus 2 more 5% charges later) with interest. Interest is at 3% on unpaid amounts. A surcharge is for non payment by the due date - so important to agree a postponement.
4. Interest is "simple" at 3% per annum.
5. the 18% paid to AML (if that's what it is) is NOT tax deductible.
GET ADVICE AT A PERSONAL LEVEL
I've previously said that whilst I'm glad AML are still in there pitching, it's unclear who they are acting for and whether they see you as a client they are representing or a customer they are selling things to. Very different relationships.
Comment