May 12th in Accountancy News, HMRC, Tax by Editor .
Reclaiming Tax: Still Be Careful What You Ask For
Remeber this poor chap…
…fined £1,400 after he mistakenly tried to reclaim £3,000 from the Revenue. HMRC calculated that he was actually owed £1,000 and fined him 70 per cent of the difference between the two sums.
Luckily for him the Revenue has had a change of heart.
It has now cancelled the fine and repaid the man £1,000 in tax plus £100 as a goodwill gesture because if what it called “irregularities” in his case.
But don’t risk getting all sloppy with those claims now – HMRC can still fine those owed money by the taxman who calculate the wrong figure.









