Have Tax Questions? Ask a Tax Expert for Answers ASAP
Hi, my name is ***** ***** I am a Chartered Tax Advisor. I have a few queries:
Kind regards, Peter
Without having seen any of the penalty notices and without having full visibility on your affairs, it is likely that the penalties have been raised lawfully and therefore they are payable to HMRC.
HMRC have discretion to reduce or cancel penalties (within limits) but it depends on the circumstances that lead to the penalties arising if you have a "reasonable excuse". HMRC considers a reasonable excuse to be “an unexpected or unusual event that is either unforeseeable or beyond the person’s control, and which prevents the person from complying...when they would otherwise have done.
If you speak with HMRC about your personal issues they may be persuaded to cancel the penalties. I would recommend you write down a list of all the personal issues which prevented you complying with tax law. The number to contact them and then call them on 03000(###) ###-####to request the penalties are reduced or cancelled.
If they do not agree that you have a reasonable excuse, the penalties should just be paid. HMRC may be willing to accept a payment plan if you do not have funds available to pay the penalties up front.
Good luck. If you have any follow up questions, I am happy to help. Otherwise please consider a 5 star rating for my answer.
I hope my answer was helpful. If you have any further queries please let me know. If you have no further questions please be so kind as to rate my answer.
I look forward to hearing from you.