New client has £4188 CGT to pay re 10/11.
No existing SA record because not required.
On 30 November 11 client took to local Tax Office
1. 64-8
2. Letter typed by me Notifying Chargeability and requesting a Tax Return
Ok this Notification is Late so I want to ensure that CGT is paid on time to
avoid Penalty.
Neither client nor me heard anything to date.
Just phoned R&C and officer said
1. "will now contact Service Office requesting that SA Record be set up.
Will be done by 10 Feb (!). Not done to date because you should have submitted
CWF1." This clearly wrong cos CWF1 is re '...if you are self-employed sole-trader.'
2. "If UTR not received by 31 Jan there is NO way you can pay the CGT."
Assuming UTR is not received, can the CGT be paid ? If so how.
Thank you.
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Replies (4)
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Certificates of Tax Deposit?
In olden times (yes I'm from that era), one could purchase these.
Why not pay into the TaxMan's Bank Account, (or even snail-mail them a cheque and covering letter, keeping photocopies of all) and allow them to put it in "Suspense"? The time factor in dealing with their subsequent mistakes needs to be borne in mind. But then one could always claim compensation from them - I have done.
While writing might I IMPLORE all users to this site to
a) "spell check" before posting;
b) avoid initial letters. A string of meaningless letters is so unEnglish
The GoodEnglish Professor
One might hope
that if the client was previously unrepresented, had no need to make returns, and that this is a one off gain to be reported that as they have taken the lead in telling HMRC of the need for them to make the return and done so as soon as required; that any penalty might be mitigated to0% or close to as a non deliberate, unconcealed failure with somewhat of a reasonable excuse due to the time taken to issue the UTR.
The correct form to notify is an SA1, not CWF1 as HMRC advised.
If you have 3rd party software you can presumably have the return set up ready to go as soon as the notice to file is issued by HMRC at, or around the same time as the UTR. The return will be due within three months of the requirement to file. Submit the return and pay the tax as soon as possible after the notice and if the matter of a penalty is brought up appeal on the grounds of non deliberate, unconcealed failure with a reasonable excuse, and that you the client made all the running and corrected matters with the minimum of delay