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24 month rule - different ends of London
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My view is that if you have considered HMRC's guidance and it's a grey area then make your decision based on what you think is reasonable and make notes of why you made that decision. If you are ever challenged to justify your decision and you have a reasonable interpretation of HMRC's guidance then I can't see how they can charge you penalties for deliberately avoiding tax. Hopefully the worst that would happen is that you would have to pay the tax owed plus interest but it's quite likely that nothing ever comes of it. It's got to be worth a punt, doesn't it.
I am not an accountant though so I am probably completely wrong about that. Have you asked your accountant what they think?Free advice and opinions - refunds are available if you are not 100% satisfied.Comment
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Originally posted by Wanderer View PostMy view is that if you have considered HMRC's guidance and it's a grey area then make your decision based on what you think is reasonable and make notes of why you made that decision. If you are ever challenged to justify your decision and you have a reasonable interpretation of HMRC's guidance then I can't see how they can charge you penalties for deliberately avoiding tax. Hopefully the worst that would happen is that you would have to pay the tax owed plus interest but it's quite likely that nothing ever comes of it. It's got to be worth a punt, doesn't it.
I am not an accountant though so I am probably completely wrong about that. Have you asked your accountant what they think?
In the end it is down to your appetite for risk to be honest, and I wish that you never are investigated.Comment
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Originally posted by rd409 View PostAnd make sure that they cannot link you with your profile here. They may challenge that you have been advised by so many people that it is not claimable, but you still claimed!
In the end it is down to your appetite for risk to be honest, and I wish that you never are investigated.Comment
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Originally posted by mudskipper View PostEqually, plenty saying he can claim. The guidance is far from clear, therefore open to interpretation.Comment
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