(clip-7) Amendment of tax returns and penalties for inaccurate tax returns скачать в хорошем качестве

(clip-7) Amendment of tax returns and penalties for inaccurate tax returns

If a person has submitted a tax return, that individual can amend the tax return within one year of the submission date. The HMRC can only amend the tax return within 9 months from the date the person submitted the return. Various penalties can be imposed if a person submits an inaccurate tax return. The penalties depends upon whether it’s a prompted disclosure or unprompted disclosure. Unprompted disclosure is if the taxpayer himself notified the HMRC about their inaccuracy of the tax return. The level of penalties depends upon the behaviour of the individual, such as 1) whether the taxpayer was careless 2) whether the inaccuracy was deliberate but not concealed, and 3) whether the inaccuracy was deliberate and concealed. If you have made an inaccuracy in your tax return, please contact the team at IBISS & CO for assistance and more information: 0203 808 0999. https://www.ibissandco.com