Last April 1, (all fools day?) HMRC started a new process of internal review. If you got a decision from them that you didn’t like or agree with you could ask them to reconsider. Another officer would check it over and agree your appeal, change it, or reject it.
In the nine months to 31 December 20778 “customers” asked for a review. Of these 18,256 were completed,of which 81% were unrepresented taxpayers. 8,952 (48.3 %) were upheld and 51.7% were cancelled or varied.
What does this say about HMRC penalty system? It says it is worth appealing. It shows what a good job “agents” are doing for HMRC in reducing their work load. No information was given on how many penalty notices were issued.
About Steve Knowles
Steve set up his own practice working out of a back bedroom 27 years ago. The business grew and now employs 23 people. The foundation of our business is the relationship we have with our clients, and our commitment to their success. He has other business interests including financial services, property development and a software company based in America. Steve served as a Governor at the Sheffield College for five years before being asked to become Chairman of the Board of Governors. He is a past Chairman of the Sheffield Business Club and is currently President of the Sheffield & District Society of Chartered Accountants. He has been married to Christine for over 30 years, and they have two daughters. In his spare time he is an armchair sportsman.