Settlement (Anyone ever been offered a reduction)

[Babayaga]

Hi all,


A very simple question:- while discussing/negotiating with HMRC, has anyone been offered any kind of reduction, the amount of reduction doesn't matter, I'd just like to know if they offered anything off the amount which they say that you owed.


Thanks

[webberg]

Hi all,


A very simple question:- while discussing/negotiating with HMRC, has anyone been offered any kind of reduction, the amount of reduction doesn't matter, I'd just like to know if they offered anything off the amount which they say that you owed.


Thanks

Almost certainly not as that would lead to all sorts of accusations of unfair treatment which terrifies HMRC.

[Scruff]

Vodafone settled...

Vodafone in multi-million pound tax deal with HMRC - Accountancy Age

[webberg]

Vodafone settled...

Vodafone in multi-million pound tax deal with HMRC - Accountancy Age

That was 2013.

There is no suggestion that they got a "deal".

This looks like a transfer pricing situation (i.e. value of goods bought/sold between group companies, cross border). It is usual in such situations for "open market value" to be one of several benchmarks against which transactions are measured.

Completely different from the present non statutory offer.

[GreenMirror]

Sweetheart deals used to be fairly common. One scheme got a deal in 2001. At some point HMRC stopped doing them.

A DTA user managed to get no interest and no penalties with 4 years TTP. However the alternative was bankruptcy - HMRC will always take something over nothing.

If you will struggle to pay, best to contact Graham/Phil who can assist.