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

Determinations are issued by HMRC where a taxpayer fails to file a tax return. For example, a determination can be raised against an individual for failure to file a...

OMB_tax_img
28 Jun 2019

IntroductionIf a penalty for late payment of tax has been correctly charged by HMRC, the taxpayer can only appeal if he believes he has a ‘reasonable excuse’ for failing...

OMB_tax_img
28 Jun 2019

IntroductionA determination should be considered a significant failure by a taxpayer to deal with their tax affairs. It should be dealt with promptly and in most cases a...

OMB_tax_img3
28 Jun 2019

Dealing with a request to check a returnThere are several practical pointers that are useful for an adviser to consider when responding to a request from HMRC to check a...

OMB_tax_img7
28 Jun 2019

Disclosure of irregularitiesIn the course of a client relationship, advisers may become aware of irregularities in the client’s tax affairs. These could be errors made by...

OMB_tax_img4
28 Jun 2019

IntroductionThis guidance note and the following notes in this section mostly use the term ‘compliance check’ or ‘check the return’ in line with HMRC’s current...

OMB_tax_img8
28 Jun 2019

The SCP framework is designed to handle small and medium enquiry work for both direct and indirect taxes. The process is risk and behaviour driven, with HMRC officers...

OMB_tax_img6
28 Jun 2019

IntroductionIf a penalty for failure to notify has been correctly charged by HMRC, the taxpayer can only appeal if he believes he has a ‘reasonable excuse’ for failing to...

OMB_tax_img6
28 Jun 2019

The rate of the penalty chargeable on the taxpayer under the new penalty regime is based on the behaviour of the taxpayer and whether the error came to light from an...

OMB_tax_img5
28 Jun 2019

When the Coalition Government came into power in the summer of 2010, the Treasury immediately started looking for cost efficiencies across the board. HMRC was told to...

Latest Guidance
OMB_tax_img2
Owner Managed Business

Determinations are issued by HMRC where a taxpayer fails to file a tax return. For example, a determination can be raised against an individual for failure to file a...

OMB_tax_img
Owner Managed Business

IntroductionIf a penalty for late payment of tax has been correctly charged by HMRC, the taxpayer can only appeal if he believes he has a ‘reasonable excuse’ for failing...

OMB_tax_img
Owner Managed Business

IntroductionA determination should be considered a significant failure by a taxpayer to deal with their tax affairs. It should be dealt with promptly and in most cases a...

OMB_tax_img3
Owner Managed Business

Dealing with a request to check a returnThere are several practical pointers that are useful for an adviser to consider when responding to a request from HMRC to check a...

OMB_tax_img7
Owner Managed Business

Disclosure of irregularitiesIn the course of a client relationship, advisers may become aware of irregularities in the client’s tax affairs. These could be errors made by...

OMB_tax_img4
Owner Managed Business

IntroductionThis guidance note and the following notes in this section mostly use the term ‘compliance check’ or ‘check the return’ in line with HMRC’s current...

OMB_tax_img8
Owner Managed Business

The SCP framework is designed to handle small and medium enquiry work for both direct and indirect taxes. The process is risk and behaviour driven, with HMRC officers...

OMB_tax_img6
Owner Managed Business

IntroductionIf a penalty for failure to notify has been correctly charged by HMRC, the taxpayer can only appeal if he believes he has a ‘reasonable excuse’ for failing to...

OMB_tax_img6
Owner Managed Business

The rate of the penalty chargeable on the taxpayer under the new penalty regime is based on the behaviour of the taxpayer and whether the error came to light from an...

OMB_tax_img5
Owner Managed Business

When the Coalition Government came into power in the summer of 2010, the Treasury immediately started looking for cost efficiencies across the board. HMRC was told to...