Owner-Managed Businesses Guidance

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Compliance checks & penalty regime

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Latest Guidance
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28 Jun 2019

IntroductionUnder the penalty legislation introduced by FA 2008, Sch 41, where a failure to notify has occurred, the taxpayer is exposed to a penalty.The rate of the...

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28 Jun 2019

The issue of disclosure is a fundamental risk management consideration for both compliance and planning work. The reason for this is that where insufficient disclosure...

OMB_tax_img4
28 Jun 2019

Historically, HMRC disputes tended to be resolved either by protracted correspondence and negotiation or in the Tribunal. Enquiries were often time consuming and costly...

OMB_tax_img5
28 Jun 2019

IntroductionInterest on late paid tax is a compulsory charge set out in legislation to reflect the interest which would have accrued to the Exchequer had the correct...

OMB_tax_img4
28 Jun 2019

IntroductionUnder the penalty legislation introduced by FA 2007, Sch 24, where an inaccuracy has occurred on a return or other document which leads to an understatement...

OMB_tax_img2
28 Jun 2019

The purpose of employer compliance checksThe purpose of an employer compliance check is to satisfy HMRC that all earnings and benefits have been identified and reported...

OMB_tax_img3
28 Jun 2019

If the employer engages an agent or adviser to help handle an HMRC employer compliance check, the agents’ role is usually to ensure that the employer, within the bounds...

OMB_tax_img9
28 Jun 2019

This guidance note uses the term ‘compliance check’ in line with HMRC’s current terminology. However, the term ‘enquiry’ is still used in the referenced...

OMB_tax_img5
28 Jun 2019

IntroductionAlternative dispute resolution (ADR) is widely used in the commercial world as a cheaper, more time efficient and effective way of dealing with issues and...

OMB_tax_img8
28 Jun 2019

IntroductionThis note outlines the procedure for appealing against a decision made by HMRC. It links to further notes which explain each stage of the procedure.This note...

Latest Guidance
OMB_tax_img3
Owner Managed Business

IntroductionUnder the penalty legislation introduced by FA 2008, Sch 41, where a failure to notify has occurred, the taxpayer is exposed to a penalty.The rate of the...

OMB_tax_img9
Owner Managed Business

The issue of disclosure is a fundamental risk management consideration for both compliance and planning work. The reason for this is that where insufficient disclosure...

OMB_tax_img4
Owner Managed Business

Historically, HMRC disputes tended to be resolved either by protracted correspondence and negotiation or in the Tribunal. Enquiries were often time consuming and costly...

OMB_tax_img5
Owner Managed Business

IntroductionInterest on late paid tax is a compulsory charge set out in legislation to reflect the interest which would have accrued to the Exchequer had the correct...

OMB_tax_img4
Owner Managed Business

IntroductionUnder the penalty legislation introduced by FA 2007, Sch 24, where an inaccuracy has occurred on a return or other document which leads to an understatement...

OMB_tax_img2
Owner Managed Business

The purpose of employer compliance checksThe purpose of an employer compliance check is to satisfy HMRC that all earnings and benefits have been identified and reported...

OMB_tax_img3
Owner Managed Business

If the employer engages an agent or adviser to help handle an HMRC employer compliance check, the agents’ role is usually to ensure that the employer, within the bounds...

OMB_tax_img9
Owner Managed Business

This guidance note uses the term ‘compliance check’ in line with HMRC’s current terminology. However, the term ‘enquiry’ is still used in the referenced...

OMB_tax_img5
Owner Managed Business

IntroductionAlternative dispute resolution (ADR) is widely used in the commercial world as a cheaper, more time efficient and effective way of dealing with issues and...

OMB_tax_img8
Owner Managed Business

IntroductionThis note outlines the procedure for appealing against a decision made by HMRC. It links to further notes which explain each stage of the procedure.This note...