Settlement - Provide HMRC with your own calculation? Settlement - Provide HMRC with your own calculation?
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  1. #1

    Still gathering requirements...


    Join Date
    Jul 2018
    Posts
    53

    Default Settlement - Provide HMRC with your own calculation?

    Having weighed up the pros and cons, I am leaning towards settlement rather than paying the loan charge.

    HMRC provide a list of information they require by 5th April, on their website, along with the resolution email. However, the acknowledgement email they return, adds a further requirement for you to send your own calculations of the tax you owe. Has anyone else had to provide calculations themselves - I was under the impression that HMRC would calculate.

    For info (as I know some people have been worrying about not having received a response from them) the email also states that there has been a high volume of people coming forward to settle and that emails will be addressed in receipt order - repeat emails will not be dealt with quicker.....

    Although, have to say, if they want my calculation then I’ll have to send another email...

  2. #2

    Should post faster


    Join Date
    Mar 2016
    Posts
    167

    Default

    They provided all calculations , basic then more in detail when requested.

  3. #3

    Still gathering requirements...


    Join Date
    Jul 2018
    Posts
    53

    Default

    Quote Originally Posted by Iter View Post
    They provided all calculations , basic then more in detail when requested.
    Ok thanks Iter - appreciate your response.

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