UHY Ross Brooke Chartered Accountants
I have been both shocked and surprised by HMRC’s latest approach to VAT penalties for deliberate error. “But I don’t make any deliberate errors” you may think. OK, but in HMRC’s eyes you may be wrong because HMRC seem to have created their own definition of what is deliberate. In
Apparently there are still 500,000 Self-Assessment Returns outstanding for 2012/2013 (due to be filed by 31 January 2014). Including £10 daily penalties, at potentially £1,000 a Return that is a staggering £500 Million in penalties due to the Exchequer for 2012/13 alone. Unless there is a reasonable excuse for the