Half the fines imposed on businesses from filing VAT returns late may be incorrect according to an analysis of HMRC’s figures.
Figures in 2013 say that 49% of 17,200 appeals made by businesses against late filing penalties were successful. It goes without saying; credit to HMRC who say the system of automatic fines is leading to a breakdown in trust between businesses and HMRC.
49%! Well at least you can say they got 51% right if that’s any consolation, which frankly if I was the one who was being fined improperly it wouldn’t be.
Come on HMRC – what’s happening?!