Originally posted by Stevie Wonder Boy
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innocent mistakes on self-assessment tax returns may be punished
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While you're waiting, read the free novel we sent you. It's a Spanish story about a guy named 'Manual.' -
Originally posted by meridian View PostI was a tax inspector myself, nearly 2 decades ago. The inspections with the big boys and their accountants were the most interesting, as you could argue statutes, case law, and there was a mutual respect in many cases. Big money in some cases, but they generally took months (and sometimes years) to resolve.
I left mainly because of the govt directive that we had to focus on the "mom and pop" run businesses as they were quick and showed the public our presence.
It's not about "pressure" (they're civil servants after all...), it's about targets and KPIs.Behold the warranty -- the bold print giveth and the fine print taketh away.Comment
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Originally posted by NickFitz View Post"Tax experts warned…" - well, it was very nice of them to do that. An example of selfless service for the benefit of the wider public, offering helpful warnings with no thought of drumming up business for themselves.
Well done, tax experts!
Too many of them wanted to instil fear uncertainty and doubt (aka FUD).
And as I discovered once I started lurking on financial advice forums some of 'em weren't even familiar with the contents of the then current VAT Handbook.
I had some fun with that back in the day.Behold the warranty -- the bold print giveth and the fine print taketh away.Comment
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Originally posted by BrilloPad View PostThat is true. But if you owe nothing in tax you are fine. MrsBP once got threatened with £60/day fine. Acoountant sorted it but said as she owed nothing there was never any chance of the fine going ahead.Comment
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Originally posted by TheCyclingProgrammer View PostHave you thought about ringing HMRC and asking for her to be removed from the SA system? 5 years of nil returns should mean they will consider it. I don't think they want to have the system clogged with people filing SAs who don't owe any tax.
Some of the people I know who are on PAYE and higher rate tax payers have been told not to complete a SA form. Strangely every year they did a tax return and every year HMRC owed them money."You’re just a bad memory who doesn’t know when to go away" JRComment
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Need to make up for the HMRC directors bending backwards for the like of Bernie Eccelstone.McCoy: "Medical men are trained in logic."
Spock: "Trained? Judging from you, I would have guessed it was trial and error."Comment
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I've never understood why the banks can't just report the amount of interest and tax you pay direct to HMRC. If you got the SA and the PAYE bit (which they know) and the interest bit were already filled out, it'd be much easier. And it means they can collect extra tax from higher rate payers from interest without an SA, although with ISAs and pensions you have to be a bit stupid to be caught out by that.Will work inside IR35. Or for food.Comment
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Originally posted by lilelvis2000 View PostNeed to make up for the HMRC directors bending backwards for the like of Bernie Eccelstone.
Though its not just the rich - its large companies too.Comment
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