Advice for Tax Payers

Certifi ed Public Accountants supporting local businesses with cost-eff ective accountancy and taxation service for many years. Certified Public Accountants

183 Main Street, Yaxley, Peterborough PE7 3LD Advice for Tax Payers

WHAT TAXPAYERS SHOULD DO WHEN HMRC VISIT UNANNOUNCED

This usually happens when HMRC believes there is unpaid tax but often HMRC systems are out of date and information is delayed. Taxpayers are not legally obliged to let HMRC enter their property under civil law. If you receive an unannounced visit, do not let HMRC enter the house or business premises and ask them to leave the letter, which they must have brought with them, from HMRC’s debt management and banking department (DMB), which will set out the reasons for the visit. Taxpayers receiving such a visit are advised to contact their accountants or ourselves immediately and ask them to liaise with HMRC to resolve the situation on their behalf. If HMRC have already entered the property, the taxpayer is entitled to ask them to leave. There are no legal or financial repercussions from this action, no matter what the HMRC agent says or implies. HMRC staff should NOT take any documents or information without the taxpayer’s consent and must always leave a receipt for any records taken. The advice is that taxpayers should not consent to HMRC entry or to documents or information being removed from the property. If a taxpayer is subject to a dawn raid, (i.e.: action under criminal law), they should seek legal representation from a criminal lawyer immediately, as different procedures and rights will apply. HMRC TAX AVOIDANCE CAMPAIGN

HMRC has launched a campaign aimed at contractors, agency workers and people who work through umbrella companies, to help them determine whether they are involved in tax avoidance and to warn them of the potential consequences, such as IR35 etc. It has also produced an interactive risk checker for anyone who fears they may be in this position. SELF ASSESSMENT TAX RETURNS

For those who have not submitted your 2021 SATR yet, you should do so by the end of this month to avoid late filing penalties that can lead to penalties of £10 per day.

Certifi ed Public Accountants supporting local businesses with cost-eff ective accountancy and taxation service for many years.

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