Wrongdoing Penalties

Wrongdoing Penalties

Tax and Revenue loss is high on HMRC’s list of concerns, resulting in HMRC issuing large numbers of wrongdoing penalties. We strongly recommend that you seek legal advice as soon as you receive any correspondence regarding an assessment or penalty from HMRC, even if it is just a warning, as you may be able to prevent the matter from proceeding. Altion Law are specialists at advising and representing parties who have received excise assessments and wrongdoing penalties from HMRC.

What is a Wrongdoing Penalty?

A wrongdoing penalty is calculated as a percentage of the revenue (or potential revenue) lost to the Crown. This is often issued in addition to an excise assessment, however they can also be completely unrelated to excise duty or excise assessments.

Can I respond to the accusations?

Yes of course. HMRC will usually advise of their intention to issue an assessment or penalty prior to issuing it, setting out their reasons, as well as asking for information from you in support of your position to consider whether or not to issue an assessment or penalty.

What if after considering my information an assessment or penalty is issued?

You are able to request an internal review of the decision and have another opportunity to provide any further information applicable to the situation. Be aware that the timeframe to request a review is 30 days from the date of the decision.

What if on review the decision remains the same?

You can appeal the review decision to the Tax Tribunal being a completely independent party. Be aware any appeal must reach the tribunal within 30 days of the date of the review decision.

Will I have to pay?

Whether HMRC can hold you liable or not will depend upon the circumstances which is why it is important to legal advice as soon as possible. It is vitally important to seek legal advice at the earliest stage to ensure that any evidence or information in dispute of a sum claimed by HMRC is presented accurately and as quickly as possible. Failure to take the correct action may have serious consequences for your business.

Altion Law are specialists in this area of law and will advise:

  • Whether you are even the correct party for HMRC to pursue;
  • Whether there are any additional risks, such as further assessments or penalties against company directors personally.
  • Whether there are any defences available to you.

Why choose us?

  1. Expert Advice
  2. Commercial Understanding
  3. Client Focused

Make a free enquiry

For a free enquiry, call us today on 01908 414990, email us at hello@altion-law.co.uk or complete our free enquiry request for a free, confidential and no obligation discussion and let one of our expert team discuss your situation and the options available to you.