I've not had a letter about this from HMRC, I have however been trying to get a refund of overpaid Corporation Tax back from HMRC for a client since February which relates to an error in brought forward losses in Tax Calc in the period mentioned in the above article which resulted in profits of a later period being taxed when actually there should have been sufficient trading losses b/f to cover the profits. Client wants to dissolve the company and is hanging out for this refund first but getting grumpy that he's incurring ongoing business bank charges while we wait for HMRC.
I have other plans for February as I am sure many of my colleagues do. I intend to take a few days off (normally that would be a trip to The Hague to watch my daughters compete in Intershoot. Given the ongoing pandemic I intend instead to read a book or two and binge watch some TV by a roaring fire and maybe even have a drink or three after a very long dry January). After those precious few days respite I have several sets of company accounts to finalise and file that have been waiting half done since before Christmas, plus half a dozen sizeable VAT returns (a popular quarter end for my clients for some reason), the normal monthly payroll (with of course added furlough claims) and lots of post tax season filing and archiving to do (Electronic and paper, which offers a strange sense of satisfaction that a tax year has been wrapped up and boxed away). I will not be finding time in my busy February schedule to complete late tax returns, those clients that I have left are always late no matter when I start asking for their information and how I ask and frankly I'm a bit cross that they wont now get a fine because it might just have taught them a lesson.
My answers
And laughably today trying to 'do things digitally' is out as HMRC's online services account seems to be down...
I've not had a letter about this from HMRC, I have however been trying to get a refund of overpaid Corporation Tax back from HMRC for a client since February which relates to an error in brought forward losses in Tax Calc in the period mentioned in the above article which resulted in profits of a later period being taxed when actually there should have been sufficient trading losses b/f to cover the profits. Client wants to dissolve the company and is hanging out for this refund first but getting grumpy that he's incurring ongoing business bank charges while we wait for HMRC.
I have other plans for February as I am sure many of my colleagues do. I intend to take a few days off (normally that would be a trip to The Hague to watch my daughters compete in Intershoot. Given the ongoing pandemic I intend instead to read a book or two and binge watch some TV by a roaring fire and maybe even have a drink or three after a very long dry January). After those precious few days respite I have several sets of company accounts to finalise and file that have been waiting half done since before Christmas, plus half a dozen sizeable VAT returns (a popular quarter end for my clients for some reason), the normal monthly payroll (with of course added furlough claims) and lots of post tax season filing and archiving to do (Electronic and paper, which offers a strange sense of satisfaction that a tax year has been wrapped up and boxed away). I will not be finding time in my busy February schedule to complete late tax returns, those clients that I have left are always late no matter when I start asking for their information and how I ask and frankly I'm a bit cross that they wont now get a fine because it might just have taught them a lesson.