Received a check letter today, from P14 team, pointing out that there is a discrepancy between the figures on my tax return and that provided by my employer (also my own Ltd Co).
My accountancy firm (a large expensive firm) do all our tax returns, business and personal, so I was astonished to discover after a quick review of the paperwork, that the mistake appears to be a simple case of whoever completed the return mistakenly recording a tax rebate as tax paid instead. So the tax figure from the tax return reads "£838" and the figure from payer reads "-£837". Not surprisingly the Revenue feels I am now owe them £1675.
My query is this - what do I say to the Revenue? Their letter asks for evidence of how the discrepancy occurred presumably so they can judge whether any intent to defraud was involved, but it's impossible to prove someone just made a mistake. Do I get my accountant to write to me confirming they completed the return on my behalf (they will doubtless refuse to accept liability in writing)? What will the Revenue want to see from us other than a payment of the amount owe (which I absolutely do not dispute they are due)? And of course, finally, that old chestnut, what will they do next?
With thanks
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