Owner-Managed Businesses Guidance

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Compliance checks & penalty regime

You are in the right place if you want to be able to offer the best tax guidance on compliance checks & penalty regime in order for you to be better informed about the tax implications.
Latest Guidance
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28 Jun 2019

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

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28 Jun 2019

The format of the opening letterWhen HMRC issues a notice that it is checking a return, the opening letter will invariably request information and documents. The opening...

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28 Jun 2019

IntroductionThe penalty regime in FA 2007, Sch 24 provides that there is no penalty where an inaccuracy leading to an underpayment of tax is made on a return or other...

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28 Jun 2019

IntroductionHMRC offers disclosure opportunities via campaigns for people to voluntarily put their tax affairs in order and become compliant.Campaigns do this...

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28 Jun 2019

IntroductionHMRC has the legal power to charge a civil penalty where there are errors in or omissions from tax returns. The penalty regime in operation prior to 1 April...

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28 Jun 2019

IntroductionThis guidance note outlines what you should do after your client has decided to appeal to the Tribunal, and takes you up to the day of the hearing. For the...

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28 Jun 2019

IntroductionThe Managing Serious Defaulters (MSD) programme is an enhanced monitoring programme for certain individuals and businesses who have been found to have...

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28 Jun 2019

Pending updates: the debt recovery period for NIC is to be aligned with that for income tax as from April 2018, by removing NIC from the effects of the Limitation Act....

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28 Jun 2019

IntroductionBefore you read this note you should read the Appealing an HMRC decision: outline guidance note. You are also advised to consider the possibility of an HMRC...

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28 Jun 2019

The business record checks programme was one of the more controversial initiatives launched by HMRC in recent years and has had a chequered history. Originally introduced...

Latest Guidance
OMB_tax_img2
Owner Managed Business

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

OMB_tax_img5
Owner Managed Business

The format of the opening letterWhen HMRC issues a notice that it is checking a return, the opening letter will invariably request information and documents. The opening...

OMB_tax_img5
Owner Managed Business

IntroductionThe penalty regime in FA 2007, Sch 24 provides that there is no penalty where an inaccuracy leading to an underpayment of tax is made on a return or other...

OMB_tax_img6
Owner Managed Business

IntroductionHMRC offers disclosure opportunities via campaigns for people to voluntarily put their tax affairs in order and become compliant.Campaigns do this...

OMB_tax_img8
Owner Managed Business

IntroductionHMRC has the legal power to charge a civil penalty where there are errors in or omissions from tax returns. The penalty regime in operation prior to 1 April...

OMB_tax_img7
Owner Managed Business

IntroductionThis guidance note outlines what you should do after your client has decided to appeal to the Tribunal, and takes you up to the day of the hearing. For the...

OMB_tax_img4
Owner Managed Business

IntroductionThe Managing Serious Defaulters (MSD) programme is an enhanced monitoring programme for certain individuals and businesses who have been found to have...

OMB_tax_img
Owner Managed Business

Pending updates: the debt recovery period for NIC is to be aligned with that for income tax as from April 2018, by removing NIC from the effects of the Limitation Act....

OMB_tax_img9
Owner Managed Business

IntroductionBefore you read this note you should read the Appealing an HMRC decision: outline guidance note. You are also advised to consider the possibility of an HMRC...

OMB_tax_img2
Owner Managed Business

The business record checks programme was one of the more controversial initiatives launched by HMRC in recent years and has had a chequered history. Originally introduced...