Reasonable Excuse Changes at HMRC
A rewrite of reasonable doubt policy for the late filing of self assessment tax returns seems imminent following a the opinion of a judge who may have influenced the HMRC stance on penalties. Having been heavily told off by the QC for running the sake of building up large sums of cash.
The review has sent a message to HMRC but their response has been to state that there will be no review of the definition of ‘reasonable excuse’. Despite this ‘HMRC issues warning over tax returns‘ is becoming a cry that many people still feel is the lie of the land.
As well as late submission the Association of Chartered Certified Accountants (ACCA) highlights this fact – ‘Small firms warned to check records ahead of HMRC crackdown‘ says Clare Bullock in The Law Donut news section. They recommend weekly updating of books and point out there are helplines to call if people require TTP (Time to Pay) arrangements.
His appearance on a Channel 4 television programme about the inside workings of Revenue and Customs was watched by 4.1m which sealed his status as one of the most highly respected tax consultants to ever work in Scotland.
Ricky led all tax investigation and COP 9 cases, using his extensive knowledge to help people reach a positive resolution to their situation.
Ricky passed away suddenly and unexpectedly in June 2022 after leaving his indelible mark on the company he founded and headed for over 35 years.
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Ricky worked as an Investigator in the Inland Revenue for over 20 years before founding Steedman & Company in 1987, giving him the experience and knowledge that enabled him to help so many clients over the years.
His appearance on a Channel 4 television programme about the inside workings of Revenue and Customs was watched by 4.1m which sealed his status as one of the most highly respected tax consultants to ever work in Scotland.
Ricky led all tax investigation and COP 9 cases, using his extensive knowledge to help people reach a positive resolution to their situation.
Ricky passed away suddenly and unexpectedly in June 2022 after leaving his indelible mark on the company he founded and headed for over 35 years.
