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Likely CT penalty????

Likely CT penalty????

OMB Ltd Co;

25K profit in 2004 to 2005, not declared ,

likely penalty???

oops a daisy!!!!!

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By Anonymous
16th Oct 2008 17:34

More details....
. The Company's corporation tax liability for both years? Have HMRC issued determinations on the company for both years? ABOUT 25K 04 05, and 5k 05-06, AFAICR NOT ISSUED DETERMINATION - I THINK PENALTIES BEEN PAID FOR LATE FILING [BUT NOTHING FILED?]

2. Confirmation if it is under enquiry (to also include company directors or associates of company directors)? NO NOT UNDER ENQUIRY - CONSIDERING VOLUNTARY DISCLOSURE

3. Has the company registered it has a liability with HMRC? NO THATS WHY I'M ASKING SO I CAN SORT IT OUT Have they issued a request for the company to submit a corporation tax return for the years involved? YES - STD CT letter THING SENT AND NOT RETURNED

4. The reason why nothing has been submitted to HMRC (The truth please no matter how embarassing)? PROCRASTINATION AND INEPTITUDE - money has never been 'hiddne' it's always been in the ltd co bank acct.

Has the company ever incurred such a penalty for this before? NO

5. The trade carried out by the business? OMB IT CONSULTANCY

6. Are you advocating Voluntary disclosure if 2 is negative? YES THATS WHY I'M ASKING [I'M NOT AN ACCT, LOL]

7. Are the company's other tax affairs up to date ..(PAYE/VAT/CIS) etc? YES, VAT AND PAYE ARE OK.

AS NO CT RETURNS FILED CAN I JUST SUBMIT LATE RETURNS SEE WHAT HAPPENS??

MANY THNX

PS..I know i need to get an acct to asort it out...this is the first step ...lol.

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By Anonymous
16th Oct 2008 13:48

A little bit more...
Can you confirm the following as a bare minimum, it is difficult to provide an estimate of likely penalty (including possibility of criminal rather than civil proceedings) without further details.

1. The Company's corporation tax liability for both years? Have HMRC issued determinations on the company for both years?

2. Confirmation if it is under enquiry (to also include company directors or associates of company directors)?

3. Has the company registered it has a liability with HMRC? Have they issued a request for the company to submit a corporation tax return for the years involved?

4. The reason why nothing has been submitted to HMRC (The truth please no matter how embarassing)? Has the company ever incurred such a penalty for this before?

5. The trade carried out by the business?

6. Are you advocating Voluntary disclosure if 2 is negative?

7. Are the company's other tax affairs up to date ..(PAYE/VAT/CIS) etc?

I suppose it is a bit like going to the doctors with a cough and asking if it is fatal, before the doctor has had the opportunity of examining you.

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By Anonymous
16th Oct 2008 12:31

?
Anyone help here??

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