Which? reports that last year HMRC wrote to 35,000 families stating they would be fined for failing to register for the higher earners' child benefit tax charge in the tax years of 2013-2014, 2014-2015 and 2015-2016.
The ‘failure to notify’ fines sparked complaints from parents who argued they were not aware of the rule change.
HMRC has now announced following a major review that it will cancel 6,000 fines (approx £1.8M) for people who had a ‘reasonable excuse’ for failing to state they were liable for the charge.
The remaining 29,000 people, who have not been refunded, have the right to appeal.
Tax does have to be taxing.
Professional Cover Against the Threat of Costly TAX and VAT Investigations
Insurance to protect you against the cost of enquiry or dispute with HMRC is available from several sources including Solar Tax Investigation Insurance.
Ken Frost has negotiated a 10% discount on any polices that may suit your needs.
However, neither Ken Frost nor HMRCISSHITE either endorses or recommends their services.
What is Solar Tax Investigation Insurance?
Solar Tax Investigation Insurance 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 Solar Tax Investigation Insurance
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"