Don’t ignore the taxman’s demandsPosted 2016 by admin
Advanced Payment Notices were introduced in 2014 to recover disputed tax and HMRC can issue notices to demand tax that it believes it is owed.
Ignoring an APN and hoping it will go away is simply not an option. Failing to pay within the 90 days will only lead to more significant penalties being issued on top of the tax owed.
While HMRC does have a high success rate, in around 20 per cent of cases people have been able to prove that the amount of tax due is either less or doesn’t exist at all and they have had their money refunded.”
Careful tax planning could help to eliminate the chance of ever receiving an APN and businesses and individuals should seek professional help if they are unsure about their own financial affairs.
If you would like to know more about our range of tax compliance and planning services, please contact Phil Kinzett-Evans 01635 555 666 or email@example.com