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02 June 2015
Tip the scales in your favour
- Contrary to reports in the national media on 30 May HMRC are not waiving all late-filing self-assessment penalties. They are however more likely to accept a reasonable excuse at face value so it is worth appealing against late filing penalties as long as the excuse meets the criteria on HMRC’s website.
- The decision in the case of R (on the application of Premier Foods (Holdings)) v CRC confirms that the person who bore the burden of VAT has a right to recover the overpaid tax. This is likely to be relevant to VAT generally so note the case and draw it to the attention of staff members.
- An individual receiving child benefit will have it clawed back if income exceeds £50 000....
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