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  • 600+ Business Solutions - Technical tax errors can be costly
    There are a number of reasons why the Taxman can give you a penalty, including errors on your return. But what happens if it’s your accountant that makes the mistake - can you avoid paying the fine?
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  • Tips & Advice You & Your Business - Revised procedure for PAYE penalties
    Revised procedure for PAYE penalties..In-year PAYE penalties. Under the current system, if you send a late full payment submission (FPS) to HMRC more than once in a tax year it will automatically trigger a penalty charge unless one of its exceptions applies (see The next step ). If you think you have a reasonable excuse for the lateness you can appeal against the penalty. In August 2019 HMRC changed the appeal procedure. Make an appeal. You can appeal online using HMRC’s PAYE for employers’ service. Once...
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  • News - The Taxman's new approach to penalties
    HMRC has a new approach to appeals made against tax return late filing penalties. So if you happen to miss a deadline, how might you be affected?
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  • Tips & Advice You & Your Business - New tax penalty rules now apply
    New tax penalty rules now apply.. Extra activity. The Taxman is expecting a flurry of activity from its “customers” over the next several weeks as the October 31 deadline for the submission of 2008/9 tax returns in paper format approaches. But this year he’s anticipating more action than usual, why? Same penalty, different rules. As in previous years the fine for directors and others within the self-assessment system for not submitting their tax return on time is £100. But previously you could escape...
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  • Tips & Advice You & Your Business - Deadline to avoid surcharges
    Deadline to avoid surcharges.. Payment deadline. Unless you submitted your self-assessment tax return for 2007/8 by midnight on January 31 2009, or have an acceptable excuse for not submitting it by then, or you paid your tax bill for that year in full, it’s too late to avoid a fixed “late filing penalty” of £100. However, things could get worse. If you don’t pay what you owe the Taxman for 2007/8 in full before March 1 2009, he will surcharge you 5% of the outstanding tax for that year. Tip....
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