Originally posted by HebdenMole
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At least being pre emptive rather than waiting for HMRC to issue closure notices, APN and possibly FNs, will save you from the stress.
It will also lessen any potential interest as well. Do what you consider is right for you. Even if HMRC havent opened an enquiry yet, you can still buy a certificate of tax deposit (CTD) for an amount you think you may owe. You do not need to take into account the interest that HMRC may add as the CTD stops this from the day you take it out.
You will have to work out how much tax you did pay and the amount of tax you should have paid then buy a CTD for that amount.
If you wait for HMRC to open an investigation, you might find the interest accrued without a CTD to be an eye watering amount.
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