Fee for filing amended tax return

Do you charge and if so how much?

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Client forgot to provide details of 2 rather large expenses (£10k+ each)  he purchased on his personal credit card, one is related to 2017/18 and the other 2018/19. It is a simple update and submit for 2018/19 the other will require a letter to HMRC.

I was thinking of charging £50 for 2018/19 and £150 for 2017/18. Sound fair?

Replies (8)

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By Sarah Z
30th Sep 2020 15:27

Depends what you charged for the original returns

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By I'msorryIhaven'taclue
30th Sep 2020 15:50

SouthCoastAcc wrote:

I was thinking of charging £50 for 2018/19 and £150 for 2018/19. Sound fair?


More than fair for 2017/18; but watch the client doesn't spot the double-charge for 2018/19.
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Replying to I'msorryIhaven'taclue:
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By SouthCoastAcc
30th Sep 2020 17:05

I'msorryIhaven'taclue wrote:

SouthCoastAcc wrote:

I was thinking of charging £50 for 2018/19 and £150 for 2018/19. Sound fair?

More than fair for 2017/18; but watch the client doesn't spot the double-charge for 2018/19.

D'oh!

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Replying to SouthCoastAcc:
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By I'msorryIhaven'taclue
30th Sep 2020 17:08

How material is £10k each year?
Any danger of your having to submit amended accounts to HMRC / Cos House?

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Red Leader
By Red Leader
30th Sep 2020 17:42

I'm assuming these are SATRs. Yes, that's what I would charge. QED it must be fair!

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Replying to Red Leader:
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By I'msorryIhaven'taclue
30th Sep 2020 21:51

Oops SATRs; I read too much into "£10k on his personal credit card".

OP, that's quite a tax-saving! Maybe you should employ value-pricing and charge your client a few grand!

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By Rgab1947
06th Oct 2020 10:48

It sounds like work is required as opposed to just adding a figure then electronically submitting an amended return. If so far to cheap.

I have a simple rule. I charge more than my plumber charges me.

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paddle steamer
By DJKL
06th Oct 2020 10:56

With that sort of quantum of missed expenses for SA (I assume self employment) is there a risk HMRC might believe your client's record keeping to be poor and launch an enquiry on the back of the admission of the omissions?

If quoting a fixed fee for the resubmissions maybe you ought to be crystal clear to the client at the outset what follow on work you will cover for the £50 and £150 fees to avoid mission creep and unpaid work.

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