HMRC Penalty Mitigation

At the Summer Budget 2015, HMRC received additional funding with the aim of bringing in £7b more compliance yield by the end of 2021.

HMRC penalties are instrumental in allowing HMRC to bring in additional revenue from its compliance activities. Compliance yields have continually increased since 2011, which coincides with HMRC’s new penalty powers. HMRC’s power to impose financial penalties on taxpayers broadly falls into the following categories:-

• Penalties for late filing of returns and paperwork or late payment.

• Penalties for errors on returns, payments and paperwork.

• Failure to notify penalty.

• Failure to comply with Information, Inspection & Data Gathering powers.

HMRC wants to understand how and why the late filing, error or failure occurred and closely scrutinises your underlying behaviour at the time. This conduct/behaviour is key to HMRC deciding whether a financial penalty should be charged and determining how much any penalty should be.

Watch our guide to minimising tax evasion penalties

How can we help?

We have a proven track record in mitigating and challenging HMRC penalties to best protect a client’s position. We will defend your position in respect of any HMRC penalty we do not agree. Where errors are accepted, we will maximise the potential factors available to mitigate any penalty. Where applicable, we will present ‘reasonable excuse’ and ‘innocent error’ arguments to waive the penalty. Our detailed knowledge of how HMRC penalties work helps our clients avoid them, mitigate them to their absolute minimum and even, in appropriate cases, get them suspended.

We provide a discreet and comprehensive service that is tailored to meet your unique needs and protect your interests. We will present you all available options and what the consequences of taking each option will be. We aim to formulate and agree an overall strategy so as to try to conclude matters quickly and efficiently.

Request a callback or meeting

If you'd like us to give you a call, fill in your details below and we'll email to arrange a good time to speak to our Head of Tax investigations team, Mark Taylor. All communications are in the strictest confidence.

If you'd prefer to speak to our team directly, please call +44 (0)20 7710 3389.

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Video: How do I minimise tax penalties?

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