My client left the UK to live overseas in October 2011. He was required to file a tax return for 2011/12. He had made reduced payments on account but it turned out they had been cut too low and a balancing payment was required. This was paid immediately on him becoming aware of it. Filing of the return didn't take place until 24 June so he has a 55 day @ £10/day penalty plus a small 30 days late payment penalty of £44.
What is in effect a 62.5% penalty in relation to tax owed for his late return seems swingeing for one who ceased to be resident nearly two years ago.
Does anyone think it is worth appealing?
Thanks in advance.
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Some of us are trying this:
https://www.accountingweb.co.uk/article/sch-55-penalties-and-methods-att...