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Tax Amendments on Five Years Old Returns anyone did?

Posted: Tue Aug 18, 2015 2:45 am
by raju4u
Hi There, Just a quick question is it possible to Amend five years old Tax Returns? What are the chances and could someone successfuly Amend if the money is owed to HMRC? Please reply thanks.

Re: Tax Amendments on Five Years Old Returns anyone did?

Posted: Tue Aug 18, 2015 1:00 pm
by raju4u
Is it possible to tell in the forum please? So others can get help as well. thanks

Re: Tax Amendments on Five Years Old Returns anyone did?

Posted: Tue Aug 18, 2015 2:01 pm
by muraxza
HI

I HAVE DONE MINE BELONGS TO 2010/11, HAVE SENT THEM IN JULY BUT STILL DIDNT HEAR ANYTHING FROM THEM YET, I KNOW SOME ONE WHO HAD SENT IN JUNE AND HE GOT A CONFIRMATION FROM HMRC THAT THEY HAVE RECEIVED HIS DOCUMENT
I ALSO KNOW SOME ONE WHO HAD DONE THIS IN LAST YEAR AND GOT UPDATED BUT HE HAD DONE THIS IN WITHIN 4 YEARS, WE ARE IN 5TH YEARS SO DONT KNOW WHATS GONA HAPPEN TO BE HONEST.

Re: Tax Amendments on Five Years Old Returns anyone did?

Posted: Wed Aug 19, 2015 1:39 am
by raju4u
Blocked Username wrote:HI

I HAVE DONE MINE BELONGS TO 2010/11, HAVE SENT THEM IN JULY BUT STILL DIDNT HEAR ANYTHING FROM THEM YET, I KNOW SOME ONE WHO HAD SENT IN JUNE AND HE GOT A CONFIRMATION FROM HMRC THAT THEY HAVE RECEIVED HIS DOCUMENT
I ALSO KNOW SOME ONE WHO HAD DONE THIS IN LAST YEAR AND GOT UPDATED BUT HE HAD DONE THIS IN WITHIN 4 YEARS, WE ARE IN 5TH YEARS SO DONT KNOW WHATS GONA HAPPEN TO BE HONEST.
I think someone in this forum must have had such experience, What does your accountant say btw?

Re: Tax Amendments on Five Years Old Returns anyone did?

Posted: Wed Aug 19, 2015 9:40 am
by akan
Amendment to any tax return is possible ... in cover letter you or your accountant should explain why they doing it so late. If HMRC is not satisfied with the justification they may not do the amendment and sometimes they open an investigation into the matter if the amount is huge.

Re: Tax Amendments on Five Years Old Returns anyone did?

Posted: Wed Aug 19, 2015 9:51 am
by muraxza
akan wrote:Amendment to any tax return is possible ... in cover letter you or your accountant should explain why they doing it so late. If HMRC is not satisfied with the justification they may not do the amendment and sometimes they open an investigation into the matter if the amount is huge.
yes you are right, but chances are very unlikely if you are paying them, the investigation usually they do when you claiming from them, logic says in this regard they may give you a penalties and charge you interest.

Re: Tax Amendments on Five Years Old Returns anyone did?

Posted: Wed Aug 19, 2015 10:36 am
by akan
I know someone done for last 10 years ... So I know its possible and I know the permutations behind it.

Re: Tax Amendments on Five Years Old Returns anyone did?

Posted: Wed Aug 19, 2015 3:53 pm
by raju4u
that is very helpful information though, probably much encouraging. thanks for the input, Anymore input is appreciated.

Re: Tax Amendments on Five Years Old Returns anyone did?

Posted: Wed Aug 19, 2015 6:20 pm
by DCee
I suppose you could just send the changes in, wait a short time then apply. HMRC would have a record you are dealing with them, even if they have not processed.

Re: Tax Amendments on Five Years Old Returns anyone did?

Posted: Wed Aug 19, 2015 8:45 pm
by raju4u
DCee wrote:I suppose you could just send the changes in, wait a short time then apply. HMRC would have a record you are dealing with them, even if they have not processed.
Could you explain more please? didnt get you.

Re: Tax Amendments on Five Years Old Returns anyone did?

Posted: Wed Aug 19, 2015 9:39 pm
by geriatrix
DCee wrote:I suppose you could just send the changes in, wait a short time then apply. HMRC would have a record you are dealing with them, even if they have not processed.
The problem is UKV&I is not interested in knowing whether the applicant is dealing with HMRC or not, the only thing they are interested in is knowing for sure (verifying) whether the applicant's tax matters are in perfect order.

Re: Tax Amendments on Five Years Old Returns anyone did?

Posted: Sun Aug 23, 2015 1:17 am
by bay123
akan wrote:I know someone done for last 10 years ... So I know its possible and I know the permutations behind it.

Hi Akan,

How will I get 5yrs ago tax return amended. Pls what is the permutation. You can message me.

Re: Tax Amendments on Five Years Old Returns anyone did?

Posted: Mon Dec 21, 2015 5:03 pm
by parwaz
sushdmehta wrote:
DCee wrote:I suppose you could just send the changes in, wait a short time then apply. HMRC would have a record you are dealing with them, even if they have not processed.
The problem is UKV&I is not interested in knowing whether the applicant is dealing with HMRC or not, the only thing they are interested in is knowing for sure (verifying) whether the applicant's tax matters are in perfect order.
If HMRC refuses to amend tax returns for older than 4 years (even if the money is owed to HMRC) then unfortunately many people will be affected. As per the posts on the forum here, nothing is clear :(

Re: Tax Amendments on Five Years Old Returns anyone did?

Posted: Mon Dec 21, 2015 6:23 pm
by muraxza
Parwaz

Don't worry mate they will do it my got done last month I sent in July which nearly took 5 months
Tqx return was 10/11

Re: Tax Amendments on Five Years Old Returns anyone did?

Posted: Mon Dec 21, 2015 6:37 pm
by bluecandi
parwaz wrote:
sushdmehta wrote:
DCee wrote:I suppose you could just send the changes in, wait a short time then apply. HMRC would have a record you are dealing with them, even if they have not processed.
The problem is UKV&I is not interested in knowing whether the applicant is dealing with HMRC or not, the only thing they are interested in is knowing for sure (verifying) whether the applicant's tax matters are in perfect order.
If HMRC refuses to amend tax returns for older than 4 years (even if the money is owed to HMRC) then unfortunately many people will be affected. As per the posts on the forum here, nothing is clear :(

In my extensive study of history i cant find any event where anyone refuse to take money and specially governments. They need your money more than anyone else in this world :lol:

Re: Tax Amendments on Five Years Old Returns anyone did?

Posted: Mon Dec 21, 2015 7:04 pm
by Casa
It may be wise to read through the information in the following link:
http://www.hmrc.gov.uk/manuals/salfmanual/SALF408.htm

Re: Tax Amendments on Five Years Old Returns anyone did?

Posted: Wed Dec 23, 2015 1:15 pm
by haqhash
Blocked Username wrote:Parwaz

Don't worry mate they will do it my got done last month I sent in July which nearly took 5 months
Tqx return was 10/11
Hello Blocked Username,
did you manage to update your SA302 as well?

Thanks

Re: Tax Amendments on Five Years Old Returns anyone did?

Posted: Wed Dec 23, 2015 1:36 pm
by bluecandi
SA302 will not update. However that doesnt matter because you will get your updated calculations from HMRC and they are good enough to show to anyone.

HMRC will give 30 days to pay the amount owe or there will be interest piling up after that.

To be honest some caseworkers wont even check records of previous application.

Re: Tax Amendments on Five Years Old Returns anyone did?

Posted: Wed Dec 23, 2015 2:57 pm
by haqhash
bluecandi wrote:SA302 will not update. However that doesnt matter because you will get your updated calculations from HMRC and they are good enough to show to anyone.

HMRC will give 30 days to pay the amount owe or there will be interest piling up after that.

To be honest some caseworkers wont even check records of previous application.
Thanks Bluecandi,
Do you know any thing about new HMRC guideline and how these going to affect existing amendments?

Cheers