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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27 Jun 2019

IntroductionThe 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...

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27 Jun 2019

Interim payments during a compliance checkWhenever HMRC establishes that the tax self-assessed by a taxpayer is insufficient, but the check is still to be completed, it...

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27 Jun 2019

Offshore matters / transfersFrom 6 April 2011, increased penalties are levied where a penalty for failure to notify a liability involves an offshore matter or (from 1...

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27 Jun 2019

IntroductionIn May 2011, HMRC introduced a new initiative aimed at tackling deliberate tax evasion called ‘taskforce activity’.Taskforces focus on geographically specific...

OMB_tax_img5
27 Jun 2019

It is important that a tax return and / or supporting documents (if appropriate) contain adequate disclosure to prevent HMRC using its powers to make a discovery...

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27 Jun 2019

IntroductionA framework of compliance checks, supported by the powers within FA 2008, Sch 36, enables HMRC Officers to:•visit business premises to inspect the premises,...

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27 Jun 2019

This guidance note gives an overview of the obligations imposed on tax advisers in relation to money laundering offences. For more details, see Simon’s Taxes Division...

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27 Jun 2019

What are HMRC campaigns?As part of its work to reduce tackle non-compliance, HMRC runs several campaigns each year targeted at particular tax risks and taxpayer sectors....

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27 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 devoting...

OMB_tax_img5
27 Jun 2019

Penalty regime provisions from 1 April 2009As part of their modernisation of powers, deterrents and safeguards, HMRC introduced a new penalty regime for errors in returns...

Latest Guidance
OMB_tax_img9
Owner Managed Business

IntroductionThe 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...

OMB_tax_img5
Owner Managed Business

Interim payments during a compliance checkWhenever HMRC establishes that the tax self-assessed by a taxpayer is insufficient, but the check is still to be completed, it...

OMB_tax_img6
Owner Managed Business

Offshore matters / transfersFrom 6 April 2011, increased penalties are levied where a penalty for failure to notify a liability involves an offshore matter or (from 1...

OMB_tax_img5
Owner Managed Business

IntroductionIn May 2011, HMRC introduced a new initiative aimed at tackling deliberate tax evasion called ‘taskforce activity’.Taskforces focus on geographically specific...

OMB_tax_img5
Owner Managed Business

It is important that a tax return and / or supporting documents (if appropriate) contain adequate disclosure to prevent HMRC using its powers to make a discovery...

OMB_tax_img3
Owner Managed Business

IntroductionA framework of compliance checks, supported by the powers within FA 2008, Sch 36, enables HMRC Officers to:•visit business premises to inspect the premises,...

OMB_tax_img7
Owner Managed Business

This guidance note gives an overview of the obligations imposed on tax advisers in relation to money laundering offences. For more details, see Simon’s Taxes Division...

OMB_tax_img6
Owner Managed Business

What are HMRC campaigns?As part of its work to reduce tackle non-compliance, HMRC runs several campaigns each year targeted at particular tax risks and taxpayer sectors....

OMB_tax_img2
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 devoting...

OMB_tax_img5
Owner Managed Business

Penalty regime provisions from 1 April 2009As part of their modernisation of powers, deterrents and safeguards, HMRC introduced a new penalty regime for errors in returns...