Business Record Checks - 7 February 2012 HMRC extend Business Record Checks - 23 September 2011
Compliance
HMRC COMPLIANCE FACTSHEETS
5 September 2012
HMRC has published new and updated compliance check factsheets to reflect changes to operational policy and practice that have been made since the series was first introduced.
Key changes include:
Information about the benefits of helping us with our check. Authorising a representative. Business specific versions of CC/FS1 General information about compliance checks for checks into Excise matters, large business and by our Compliance Centres. A new penalties factsheet for under-assessments (CC/FS7b). A new factsheet for ‘old’ penalties for employers and contractors (CC/FS19). Examples in the penalty factsheets to explain how we calculate penalties.
CC/FS6 What happens when we find something wrong has been withdrawn and the content incorporated in other factsheets.
HMRC will continue to review the factsheets to make sure they meet business and customer needs and comments are very welcome. If you would like to provide feedback, please contact policy@cipp.org.uk .
Penalties
UPDATE ON 2010/11 LATE PAYMENT PENALTIES
(from HMRC Weekly update 27 April 2012 )
New late payment penalties for PAYE started on 6 April 2010. A number of penalties have been challenged by employers at the First Tier Tribunal. In one case the judge decided that the penalty calculation for the year should not include a penalty for late payment of the liability for the tax period 6 March 2011 to 5 April 2011 because this Month 12 payment is due by 22 April in the following tax year. The judge’s view was that the law only permits a penalty to be charged for sums that are due during the relevant tax year. HMRC has accepted this decision and has begun work to recalculate the penalties already charged for 2010/11 to remove any penalties for late Month 12 payments. Employers themselves need to take no action: HMRC is now writing to every affected employer with details of their revised penalty calculation. Most employers will receive a refund of any sum overpaid within 3 weeks of the notification. In a small number of cases the sum will be reallocated, and this will be explained as necessary. HMRC anticipates this exercise will be concluded by the end of May.
REVENUE WARNING ON LATE EMPLOYER RETURNS
29 May 2012
CIPP Policy News Journal
12/04/2013, Page 292 of 362
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