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Daily Penalties for late 2011/12 Tax Returns – update

It appears that HMRC have hit a problem with daily penalties which have been levied on late personal Self Assessment tax returns for 2010-11 onwards. A recent First Tier Tribunal hearing has found in the tax payers favour that the relevant penalty communications sent out by HMRC were not valid legal notices. HMRC have stated that they will be appealing to the Upper Tribunal, but in the meantime consideration should be given to protective appeals against any penalty notices. In these cases HMRC are suspending collection until the case runs its course. Contact us on 0151 228 8977, if you think you may be affected.