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First for hmrc

A-VicA-Vic Expertise GuaranteedRegistered Posts: 6,970
in Chat and off-topic discussion
now this is a first

http://uk.finance.yahoo.com/news/taxman-penalises-someone-for-paying-too-much-tele-1d70ada3b9a9.html?x=0

Comments

  • CJCCJC Font Of All Knowledge Registered Posts: 1,657
    While that's obviously completely outrageous, it will teach him to get an accountant to do his tax return next time.
  • A-VicA-Vic Expertise Guaranteed Registered Posts: 6,970
    would be interesting to see the paperwork and if he now gets a accountant (he must have?)
  • MonsoonMonsoon Font Of All Knowledge FMAAT, AAT Licensed Accountant Posts: 4,071
    While it's an attention grabbing headline, we were discussing this in the office and there must be more to this than meets the eye.

    The headline is inaccurate.

    He asked for a refund of 3k, and HMRC deemed him liable for a refund of 1k.
    The fact that it's a refund is irrelevant - he understated his tax liability to the tune of £2k and that's why he was penalised.

    I'd likke to thinke that had he had an accountant, he could have negotiated the penalty % down - but then we don't know the exact facts of the case.

    The headline is just attention-grabbing though, and really gives the wrong impression. It is scary, though, how HMRC seem to be applying the new penalty regime in certain cases.
  • A-VicA-Vic Expertise Guaranteed Registered Posts: 6,970
    Its a first for me tho ive never seen a penalty given on a refund even if overstated. But a big thank you to HMRC for making things more complicated keeps us employment (laughs @ tax does'nt have to be taxing advert)
  • speegsspeegs Experienced Mentor Registered Posts: 854
    Isn't it nice to know we have such competent bods for Her Maj.
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