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Tax Tip

Penalty Letters for tax year 2013/2014.

We asked our resident tax guru, Stuart Coleman, about the new wave of penalty letters being issued.

Stuart Coleman, Manager of the Tax Department of ABDS comments:
“From 13th October 2014, the HMRC will be issuing Tax Year Penalty Letters for the tax year 2013/2014. These penalty letters will be released in stages to affected employers over several weeks.

If, as employers, you receive one of these penalty letters, then this is probably because you either did not send, or the HMRC did not receive, your final Full Payment Transmission file for the 2013/2014 tax year.

Maybe you did not send the file in error, or maybe you closed down a PAYE scheme without notifying the HMRC on your last FPS file that this was the final transmission for this PAYE scheme.  The fine due for this non-submission will be £400.

If you do receive one of these letters, the first thing to do is send an Earlier Year Update file to the HMRC, with all the correct pay information for all your employees for the 2013/2014 tax year.

However, if you think the letter is wrong in its assumptions, or if you want to appeal the fine, you will have 30 days within the date stated on the letter to lodge the appeal, and the HMRC will reply with the decision of the appeal in writing.

It should be emphasised that these letters are not to be confused with the fines being introduced from 6th October for the late submission of RTI files

As always, if you receive one of these letters and need assistance, or with any other matter relating to your corporate tax or any tax matter, then please call our dedicated team of Payroll Advisors on 023 8083 6900, and they will be able to assist you with any questions you have.”


ABDS Chartered Certified Accountants of Southampton.
Tel: 023 8083 6900  E-mail: abds@netaccountants.net

Brilliant with numbers   
Great with people  
Clear and precise with advice
Timely and cost effective 
In touch with issues that face our clients and
mindful of their long term strategic goals

Helping Your Business is Our Business

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