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New Accelerated Payment Powers

New Accelerated Payment Powers

HMRC are introducing measures which grant them power to require users of some tax schemes to make payment of disputed tax upfront.

Please note caution is required and you should take advice before acting if you receive either an Accelerated Payment or a Follower notice.

Depending on the notice issued, conceding and making payment could result in you forfeiting your rights to challenge the liability and not paying could result in exposure to penalties.

The taxpayer has 90 days from receipt of a notice to make representations to HMRC and this is time that should not be wasted.

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