Destined To Fail II

Those of you on the receiving end of a tax demand from HMRC for underpaid taxes emanating from HMRC's reconciliation of its PAYE "backlog" would do well to remember that there may be a way to avoid having to pay these backclaims.

Extra Statutory Concession (ESC) A19, states that HMRC should "forgive" a tax claim if it has not followed its procedures correctly.

HMRC should not claim tax if it has failed to properly use information supplied by a taxpayer, their employer or the Department for Work and Pensions.

The Telegraph quotes Jeff Taylor, editor of The Economic Voice:

"This concession applies to income tax and capital gains tax and allows someone to ask to have the tax debt remain uncollected as long as two important circumstances exist. 

The first is that HMRC must have been in receipt of all the relevant information and have used it within 12 months from the end of the tax year concerned. 

The second is that HMRC must be satisfied that the taxpayer had a 'reasonable’ belief that their tax affairs were in order."

Good luck!




Tax does have to be taxing.

UK EXPATS: Reduce tax on UK Pensions
HMRC QROPS provider. Unlock your UK pension and access a 25% lump sum today.

Quote ID code "ABC" when contacting a QROPS specialist.

Professional Cover Against the Threat of Costly TAX and VAT Investigations

What is TAXWISE?

TAXWISE is a tax-fee protection service that will pay up to £75,000 towards your accountant's fees in the event of an HM Revenue & Customs full enquiry or dispute.

To find out more, please use this link Taxwise

Tax Investigation for Dummies, by Nick Morgan, provides a good and easy to read guide for anyone caught up in an HMRC tax investigation. A must read for any Self Assessment taxpayer.

Click the link to read about: Tax Investigation for Dummies

HMRC Is Shite (www.hmrcisshite.com), also available via the domain www.hmrconline.com, is brought to you by www.kenfrost.com "The Living Brand"