HMRC Penalty Appeals
No win, no fee
Have you received a penalty for filing your tax return late? If so you are not alone; hundreds of thousands of tax payers receive late filing penalties from HMRC each tax year.
Grosvenor Tax Services can help you reduce your fines and in many cases reverse them altogether.
We offer a no win no fee tax penalty appeal service. So if your claim is unsuccessful, we will not charge you anything!
What penalties do HMRC charge?
The current penalty regime for late filing of your self assessment tax return is as follows:
1 day late – A fixed penalty of £100. Even if you have no tax liability, if you file your return even one day late you will receive this fine.
3 months late – £10 for each following day for up to 90 days i.e. a maximum of £900. This is in addition to the £100 fixed penalty above.
6 months late – A fixed £300 or 5% of the tax due, whichever is the higher. Again this is on top of the penalties above.
12 months late – Another fixed £300 or 5% of the tax due, whichever is the higher. In serious cases you may be asked to pay up to 100% of the tax due instead. Again these are in addition to all the penalties above.
So if you’re 12 months late submitting your tax return, you may be facing a penalty of £1600 - even if you owed no tax!