G Bianchi (TC4442)
Tax officials will cancel penalties for late self assessment returns that have since been submitted their return with a reasonable excuse, HMRC have confirmed.
The Revenue’s director-general of personal tax, Ruth Owen, told BBC Radio 4’s Money Box programme that there had been a change in department policy, meaning most taxpayers’ excuses would be accepted at face value rather than be submitted to inquiry.
This is a summary of issue 47 of Agent Update, HMRC’s bi-monthly news roundup for tax advisers
Digital agent engagement
Agents were invited in January to take part in a series of regional events with HMRC representatives.
Perfect Permit Ltd t/a Lofthouse Hill Golf Club (TC4365)
S Taylor (TC4375)
J Smith (TC4392)
JL Porter t/a Crafty Creations (TC4364)
After a delay, accounts have been prepared for the past four years. What happens next?
J Crangle (TC4354)
NP O’Keeffe (TC4356)
IM Cahoon (TC4355)
Capital tax concerns when disclosing income from land and property