we have a client who has recently come to us and the previous accounts were shocking
numerous mistakes have been made and the client has paid around £4k too much tax and is time barred from amendments to SA at this stage
how do they go about making a PI claim?
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What year are the accounts?
Youve got 4 years to correct:
http://www.hmrc.gov.uk/sa/correct-repay.htm
If they are older, i have a similar problem:
Consult a solicitor experienced in professional negligence claims.
But if the tax overpaid resulted from an overstatement of assets in the accounts is the position not automatically corrected when the overstatement is corrected, as it presumably will be in your accounts?
Remember that client can't bring PI claim unless he has suffered a financial loss. Mere incompetence, however extreme is not enough.
thanks
overpayment relief is not claimable as the nature of the claim is related to losses suffered and also AIA incorrectly claimed
AIA not claimed - or under-claimed - is just a timing difference and not an absolute loss. Client will get tax relief for all his capital expenditure, albeit over a longer period. What is the nature of that part of the claim that would relate to "losses suffered"?