HMRC Fines

Discussion in 'Accounts & Finance' started by Adam (EBS), Jul 13, 2018.

  1. Adam (EBS)

    Adam (EBS) UKBF Newcomer Free Member

    19 1
    Quick one, client has got mounting fines with HMRC, come to me today. Does anyone think there would be a chance that HMRC would put the fines on hold, whilst I tried to sort the whole mess of 2.5 years worth of accounts? Never had a client in such a mess.

    Thanks for any responses.

    Adam
     
    Posted: Jul 13, 2018 By: Adam (EBS) Member since: Apr 27, 2018
    #1
  2. SteLacca

    SteLacca UKBF Enthusiast Free Member

    997 186
    What are the penaties for? Failure to notify, failure to submit an SA100, failure to submit a CT600, RTI, etc. etc.

    It makes a difference to hos you deal with it.
     
    Posted: Jul 13, 2018 By: SteLacca Member since: Jun 16, 2016
    #2
  3. KAC

    KAC UKBF Enthusiast Free Member

    932 205
    Sometimes it makes sense to turn down a new client and recommend that they would be better off with a firm you don't like.

    The big problem with these cases can be getting paid. Make sure that the client is completely aware of the basis on which you will be charging and get a significant payment upfront. Then keep billing when you have used that payment up and get another payment before doing more work.

    If they haven't been interested in submitting their accounts, they probably won't be that keen on paying you, particularly if they end up with a large tax nill
     
    Posted: Jul 13, 2018 By: KAC Member since: May 7, 2017
    #3
  4. Adam (EBS)

    Adam (EBS) UKBF Newcomer Free Member

    19 1
    Thanks for your replies. Its an SA100, Stelacca?
     
    Posted: Jul 14, 2018 By: Adam (EBS) Member since: Apr 27, 2018
    #4
  5. SteLacca

    SteLacca UKBF Enthusiast Free Member

    997 186
    For SA100 penalties, your only hope is exactly the same as for any other failure, and in the circumstances you'd probably be looking for a reasonable excuse.

    If these are penalties that are currently escalating, submit a Return with estimated figures (clearly noted as such), which will at least stop the escalation until everything is brought up to date.
     
    Posted: Jul 16, 2018 By: SteLacca Member since: Jun 16, 2016
    #5