Contact settlement re enquiry
I am in the process of concluding an enquiry with HMRC....
Figures for the tax understated have been suggested and I've negotiated them downwards.
My client does not accept the adjustments, but wishes to put the matter behind him and move forward. I have explained that there are week areas in the record keeping and he should therefore reach a settlement with HMRC based on the latest figures suggested.
The problem is that the inspector will not agree the amount of the penalty (or the interest, although I can estimate this) until my client has agreed the figures. Is he within his rights to so this. Being sceptical I think he'll now load the penalty to recover some of the tax he has lost in the negotiations!
Is my client now entitled to make an offer (a contact settlement?)
This is a CTSA enquiry.
Thank you for your help.
- Is our client doing anything wrong? 147 1
- Shareholder agreement 183 4
- Corporation tax due date confusion 79 2
- Why do HMRC have a different FPS liability to the amount I sent? 1,470 21
- Accountants' Error 742 16
- Paint Manufacturer Flat Rate Scheme 164 5
- ICPA taxwise fee protection 160 3
- Scoot 199 4
- Zero Rated VAT on New Building 163 2
- Tax code for Companies House fees 218 3
- G'day IPA-IFA 667 11
- VAT customer is registered in France, goods shipped to the UK 117 1
- Regaining my qualification 230 2
- Self-Assessment - NIC Exemption 248 2
- Recommendations for tax advice sole practitioner 264 2
- Auto enrolment 206 3
- Tax treatment of cashed in American Savings Plan 201 3
- Company Reorganisation 172 3
- Employee Loan 222 2
- IRIS - Personal Tax - 2013/14 - Page UKP2 471 15
- Skandia using wrong address 1,459
- Nil Rate Band Trust - index linked debt by way of charge over property 776
- Any views 706
- HMRC Employers Diary 527
- International interest certificate 428
- Stamp Duty on share for share exchange 397
- Sale of business 360
- NOVA 262
- Advertising services? 262
- IRIS Open Books problem 253