Overpayment Relief - is it possible to extend time limits?
A client came to us as he had received a letter from HMRC about the ‘VAT Initiative Campaign’. On review of his tax returns, he has been declaring turnover exceeding the VAT registration threshold since 2005/06 but has never registered for VAT.
We have now dealt with the VAT aspect and the client has paid all VAT he should have paid (plus a 10% penalty) had he been registered from 2005/06.
However, this means that his tax returns are wrong as he has overstated his turnover, but under the new time limits we can only claim overpayment relief from 2008/09.
Is there any way we can get the time limits extended back to 2005/06 given that he is paying over the VAT for the earlier years – it seems really unfair that he can’t claim back the income tax.
I expect it is just tough luck as all I can find is making claims for ‘special relief’ and I believe this is just for HMRC determinations.
- Self assessment tax arrears 493 6
- Credit Card Payment - What are we required to do? 87 2
- Error on SA Tax Return 47 1
- Drector renting room to company 45 1
- Off site storage 122 5
- Is Accountancy Becoming like an Insurance Policy 564 6
- Anyone know about Cloud-Based Practice Management Software? 223 7
- Increasing the personal allowance: A top priority? 1,117 44
- Industrial & Provident Societies 341 1
- Irish Taxation 112 2
- Advertising with Hibu nee Yell (Yellow Pages) 214 3
- Auto-enrolment - Fees 309 4
- Self assesment losses 300 8
- RTI and s18 ITEPA 161 3
- Garden studio - tax and VAT deductible? 162 1
- CT treatment of staff entertainment for overseas staff 109 2
- Joint Property rent 165 3
- Now the phishers have baited their hooks with SAGE 259 1
- Fee protection 896 16
- Overdrawn DLA 282 9
- Xtuple 561
- Qtac payroll for bureau 384
- Confused - Professional Association a Mutual trader, or not? 338
- Domain name sale and limited company 227
- Italian friend wants to set up a UK company to reduce taxes 209
- Director legal fees in loose connection to the company 205
- Investment 203
- Tax on damages received 177
- Multiple bodies and practicing certificates 171
- Temporary non residence and CGT on non-UK asset 142