We'd like to remind Forumites to please avoid political debate on the Forum... Read More »
We're aware that some users are experiencing technical issues which the team are working to resolve. See the Community Noticeboard for more info. Thank you for your patience.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
HMRC late filing penalty - can it be avoided ?
Options

stephenliverpool1
Posts: 1,312 Forumite

in Cutting tax
One of my friends has a limited company, which is dormant and has been so since he created it. As a consequence he has never received any income from it.
He has received a late filing penalty from the HMRC. He seems to think that it he removes (i.e. strikes out) the company from the companies register, the HMRC will not enforce the fine. Does anyone know if he is correct or not ?
He is going to appeal the fine anyway cos there were lots of issues with the HMRC website during 2 days that he tried to submit his accounts, which prevented him submitting the accounts on-line. He has also got an email from HMRC confirming this problems and for him to try again the next day. Trouble is he went on holiday the next day and, in a rush, he mistakenly submitted the wrong report. Anyone think he will get away with this appeal ?
Any advice would be much appreciated.
He has received a late filing penalty from the HMRC. He seems to think that it he removes (i.e. strikes out) the company from the companies register, the HMRC will not enforce the fine. Does anyone know if he is correct or not ?
He is going to appeal the fine anyway cos there were lots of issues with the HMRC website during 2 days that he tried to submit his accounts, which prevented him submitting the accounts on-line. He has also got an email from HMRC confirming this problems and for him to try again the next day. Trouble is he went on holiday the next day and, in a rush, he mistakenly submitted the wrong report. Anyone think he will get away with this appeal ?
Any advice would be much appreciated.
0
Comments
-
Yes that's correct I just had 10 quarters of £400 fines on an old struck off company. £4,000 in total reversed. All the letters came on the same day reversing the fines. They can only enforce the fines against the company if the company has no money then that's the end of it.:footie:
Regular savers earn 6% interest (HSBC, First Direct, M&S)
Loans cost 2.9% per year (Nationwide) = FREE money.
0 -
Yes that's correct I just had 10 quarters of £400 fines on an old struck off company. £4,000 in total reversed. All the letters came on the same day reversing the fines. They can only enforce the fines against the company if the company has no money then that's the end of it.
Many thanks for your quick response.
He hasn't struck off the company yet; so am I correct in assuming that once he has done this and cos the company has never received any income, the fines will be cancelled by the HMRC ?0 -
If he calls HMRC and advises that the company has always been dormant then they should cancel the penalties and mark the company as dormant. Once they have a company marked as dormant HMRC will not require a corporation tax returns to be submitted. Hopefully it could get sorted out in one phone call – worth a try.0
This discussion has been closed.
Confirm your email address to Create Threads and Reply

Categories
- All Categories
- 350.9K Banking & Borrowing
- 253.1K Reduce Debt & Boost Income
- 453.6K Spending & Discounts
- 243.9K Work, Benefits & Business
- 598.8K Mortgages, Homes & Bills
- 176.9K Life & Family
- 257.2K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.1K Discuss & Feedback
- 37.6K Read-Only Boards