Why do I have a HMRC penalty?
HMRC can issue a company penalty for a number of reasons, including the following:
- Non filing of your Company Tax Return
- Corporation Tax requirements
- Failure to meet VAT deadlines
- PAYE late payments
- PAYE penalties for late and inaccurate returns
- Failure to notify HMRC of any changes that affect their liability to tax, VAT or other duties
- Many other reasons!
To avoid penalties being issued to your company, you must ensure that your company is always kept up to date with HMRC.
When HMRC issue a penalty they usually provide you with a timescale on how long you have to pay the penalty. If you do not pay the penalty within this timescale then the penalty may increase or they may ask a debt collector to collect the money from you.
If you have been issued with a penalty by HMRC and need help and assistance with paying the relevant department, we will be more than happy to assist you.
How do I know if I have a penalty?
If you have failed to file any returns with HMRC, your company is more than likely going to be issued with a penalty. When your company is issued with a penalty, you will usually receive a letter at the Registered Office Address of the company.
The letter will inform you why you have received a penalty and will tell you the total amount of the penalty too. If you do not pay the penalty within a certain timescale the penalty for your company will increase.
How long does it take to receive conformation that my HMRC penalty has been paid?
It takes around 5 working days for us to receive confirmation that the penalty has been paid.
We will email you confirmation once the penalty has been paid.
Please note that our price excludes the HMRC penalty amount that has been issued to the company.
If you require assistance with paying a HMRC penalty, you are able to order this service from our UK Additional Services.