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

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

OMB_tax_img9
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...

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28 Jun 2019

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

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...

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...

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...

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,...

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...

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...

OMB_tax_img2
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...

Latest Guidance
OMB_tax_img3
Owner-Managed Businesses

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 Businesses

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 Businesses

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 Businesses

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 Businesses

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 Businesses

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 Businesses

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 Businesses

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 Businesses

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_img2
Owner-Managed Businesses

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...