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One adviser’s tale of helping a wayward driving instructor with outstanding liabilities
KEY POINTS
- Recognising that there is a problem is the first stage of bringing tax arrears up to date.
- The value of keeping good records.
- Importance of making a full disclosure to HMRC.
- Does the average taxpayer recognise that income tax relief will not be obtained for all business expenditure?
- Ensure that the taxpayer can keep to an agreed schedule of payments.
It has been a long time since I wrote The sinner that repents which recounted the experience of agreeing a back duty settlement for a part-time tutor who had asked me to put him straight with HMRC so that he would be an honest man before his wedding day.
I finished that article with the wise words: “I think I will stick to lecturing. Theoretical examples...
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