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

IntroductionThe late payment of tax will invariably attract interest as outlined in the Interest on late paid tax guidance note. In addition, the late payment of tax will...

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28 Jun 2019

A single regime which imposes penalties for failure to make or deliver returns or documents on or before the statutory filing date for the particular return in question...

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28 Jun 2019

IntroductionHMRC’s litigation and settlement strategy (LSS) governs how HMRC conducts civil law disputes. ‘Disputes’ in this context is given a wide meaning as explained...

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28 Jun 2019

This guidance note considers judicial review in the context of tax.In particular, it explains:•what judicial review is•the scope of judicial review•where to make an...

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28 Jun 2019

IntroductionA more aggressive stance is being adopted by HMRC towards those individuals and businesses (sole traders, partnerships and companies) that deliberately get...

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28 Jun 2019

IntroductionHMRC’s regime for handling serious fraud cases is called the Contractual Disclosure Facility (CDF). Code of Practice 9 (COP9) governs how HMRC investigates...

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28 Jun 2019

IntroductionAn important clarification needs to be made to help in the understanding of this note. Whilst the legislation refers to an ‘enquiry’, HMRC now refers to...

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28 Jun 2019

At any time during the course of a compliance check, a taxpayer may apply to the Tribunal for a direction that HMRC should issue either a final or partial closure notice...

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27 Jun 2019

Mitigating the additional tax that may be due as a result of an inaccuracy, in addition to mitigating the penalties that may be charged on conclusion of a compliance...

OMB_tax_img2
27 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...

Latest Guidance
OMB_tax_img2
Owner Managed Business

IntroductionThe late payment of tax will invariably attract interest as outlined in the Interest on late paid tax guidance note. In addition, the late payment of tax will...

OMB_tax_img2
Owner Managed Business

A single regime which imposes penalties for failure to make or deliver returns or documents on or before the statutory filing date for the particular return in question...

OMB_tax_img5
Owner Managed Business

IntroductionHMRC’s litigation and settlement strategy (LSS) governs how HMRC conducts civil law disputes. ‘Disputes’ in this context is given a wide meaning as explained...

OMB_tax_img6
Owner Managed Business

This guidance note considers judicial review in the context of tax.In particular, it explains:•what judicial review is•the scope of judicial review•where to make an...

OMB_tax_img5
Owner Managed Business

IntroductionA more aggressive stance is being adopted by HMRC towards those individuals and businesses (sole traders, partnerships and companies) that deliberately get...

OMB_tax_img3
Owner Managed Business

IntroductionHMRC’s regime for handling serious fraud cases is called the Contractual Disclosure Facility (CDF). Code of Practice 9 (COP9) governs how HMRC investigates...

OMB_tax_img7
Owner Managed Business

IntroductionAn important clarification needs to be made to help in the understanding of this note. Whilst the legislation refers to an ‘enquiry’, HMRC now refers to...

OMB_tax_img7
Owner Managed Business

At any time during the course of a compliance check, a taxpayer may apply to the Tribunal for a direction that HMRC should issue either a final or partial closure notice...

OMB_tax_img6
Owner Managed Business

Mitigating the additional tax that may be due as a result of an inaccuracy, in addition to mitigating the penalties that may be charged on conclusion of a compliance...

OMB_tax_img2
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...