What actually happens if I ignore HMRC letters? The escalation timeline
I'll be honest: when trade was rough last year, I buried my head in the sand and ignored a couple of HMRC letters about a VAT bill I couldn't pay. I've since set up a payment…
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VAT penalty points - how the late submission and late payment penalties work
Since 1 January 2023, the VAT default surcharge has been replaced by a new two-part penalty regime: one for submitting VAT returns late, and one for paying the VAT bill late. Here is how both work, based on HMRC's…
Appealing a late filing penalty — what actually counts as a reasonable excuse with HMRC?
Hi everyone, I'm hoping someone can help with a late filing penalty I've just received. My company's accounts were filed late — only by a few days — but the penalty notice has…
What happens if I file my company accounts late at Companies House — what are the actual penalties?
I'll be honest — I'm cutting it fine with my company accounts this year and there's a real chance they go in after the deadline. What actually happens if they're late? I've…
Missed the self-assessment deadline by a few days — what penalties will I face?
Okay, I need some honest advice. Last year was chaotic — I moved house, lost a big client, and my paperwork was all over the place. I ended up filing my self-assessment return a…
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