Error or Mistake Claims
Sometimes mistakes have been made in tax returns which have led to an overpayment of tax. In many instances it is possible to make a claim for relief and to get 6 years worth of overpaid tax back. However, these rules don’t apply to claims to for example Capital Allowances or Group Relief.
Errors in underlying records may have led to an overstatement. Perhaps expenditure was not thought to qualify for tax relief and it is now realised a deduction is possible. Or perhaps money’s received were not in fact taxable. Sometimes error or mistake claims can be made in an insolvency.
The rules are complex and it can often be worthwhile to retain specialist assistance .
Our approach is geared to achieving the best result for you as quickly as possible. While we aspire to a productive relationship with Inspectors of Taxes we will present your case vigorously and robustly. At all times you will be kept informed of developments and options for settlement will always be clearly explained to you.
We will:
- advise on whether relief is due
- quantify the relief available
- advise on the merits of an appeal
- conduct negotiations with HMRC
- settle the issue
For further information please contact Iain Macleod on 0115 983 5580 or mobile 07920 146800 or email Iain at imacleod@edftax.co.uk
