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One rule for some…
Key points
- HMRC has found many taxpayers’ claims for expenses to be incorrect and asked them to repay the tax.
- These taxpayers had all used a particular firm of accountants.
- HMRC’s approach to these taxpayers is different from how it treats taxpayers subject to the loan charge.
- The department is taking a much harder stance towards loan charge taxpayers.
In April this year hundreds of (ex)clients of accounting firm Apostle Accounting (AA) received letters from HMRC stating that the tax rebates claimed previously were incorrect. As a result the department is asking these taxpayers to repay often many thousands of pounds in relation to rebates claimed over a number of years. I understand that in some cases the claims go back to 2016 tax returns.
The tax legislation
Ultimately the submitted tax return is the taxpayer’s responsibility even when they had given the accountant authority...
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