Yes - the P35 was signed and agreed. However, we do the management accounts of the business and, with hindsight, probably should have spotted a new car lease being signed and asked the question.
My concern at the moment is regarding the likely penalty and whether the £100 per month regime is for late P11ds only or whether it applies when you are effectively amending a nil P11d (by which I mean that the no P11s box was ticked on the P35).
My answers
Thanks all. Much appreciated. It seems like the Revenue penalty regime is a bit of a lottery....
Thanks Shaun. Yes - that is being done. I was concerned that it might fall into the scope of Belgium VAT.
Thank you!
I agree that this is a potential issue but I believe this should be less for voluntary disclosure and correction?
Thanks again
Yes - the P35 was signed and agreed. However, we do the management accounts of the business and, with hindsight, probably should have spotted a new car lease being signed and asked the question.
My concern at the moment is regarding the likely penalty and whether the £100 per month regime is for late P11ds only or whether it applies when you are effectively amending a nil P11d (by which I mean that the no P11s box was ticked on the P35).
Thanks
Nb - the £100k is the total
Nb - the £100k is the total amount now due back to the client in respect of interest/charges over the last 10 years.
Thanks Phil