Tax consultants

Although our main focus is on VAT any tax irregularities can have an impact on other taxes, tax penalties and vice versa.  Our tax consultants have achieved success dealing with such matters.

One of the Tax Consultants from Solve VAT has recently assisted a former Company Director where HMRC alleged that the company had been making deliberate errors and that he was aware of the situation.  The impacts can be far ranging.  HMRC had issued the Director with Personal Liability Notices in respect of VAT and Corporation Tax.  The consequences went further in that HMRC alleged under-declarations on the Directors Self-Assessment tax returns and issued associated penalties.  The total amount of tax and penalties amounted to over £600,000.

Corporation Tax

HMRC had raised assessments on the company for what was said to be underpaid Corporation Tax (CT) and issued associated Corporation Tax Penalties.  HMRC issued the Director with Personal Liability Notices (PLN).

HMRC alleged that at the same time VAT had been underpaid by the company.  HMRC issued the Director with a VAT Personal Liability Notice for a number of VAT periods.

Self assessment

HMRC alleged that the Director had extracted funds from the company without paying tax and hence assessed the Director for underpaid self-assessment tax penalties.

HMRC issued the Director with penalties in relation to the alleged tax that should have been declared on his Self-assessment tax returns.

Tax Consultants contact

For help from experts speak to one of our tax consultants with tax expertise on 0161 883 2120.

HMRC

HMRC guidance on Charging penalties: company officer’s liability to pay a penalty: notifying the officer about their liability to pay