A enquiry for 2004 was settled with a small amount of tax due. The letter of offer made and liability paid Now the tax manis chasing interest and surcharges for 2005 on the basis the amended tax due for 2004 meant the POAs were wrong 2005
Is this right ? It seems to be a double whammy ? If you settle a liability for an investigation then the payment made under letter of offer is to cover all liabilities arsing from that enquiry - the 2005 POAs are only altered as a direct result of that enquiry ?
Any comments/ suggestions please
Barry Chandler
Replies (1)
Please login or register to join the discussion.
Interest on poa
The interest on poa would be correct as these would have been payable earlier. However, as poa do not attract surcharges, I wouldn't have thought that these would be imposed.