Whenever HMRC uncovers an error with your tax position, they will consider whether they can charge a penalty. The penalty regime is extremely complex with different penalty regimes and rates applying depending on the nature of the error. If you make a voluntary disclosure or co-operate with HMRC as part of an enquiry then significant penalty reductions are available.
In the more serious cases, HMRC can even publish your name and address as part of their managing serious tax defaulters or “name & shame” regime.
We are experts in understanding HMRC’s various different enquiry powers and penalty regimes and can help you reduce and mitigate these to the lowest level possible and in some cases, reducing entirely through suspension.
Penalties are varied and complicated, but with voluntary disclosure and cooperation, reductions are possible.
- HMRC may “name & shame” deliberate offenders
- Voluntary disclosure can lower or even remove penalties
- We specialise in navigating HMRC’s intricate penalty regimes
