VAT penalties and assessments

4 Eyes Ltd is well positioned to assist clients and their advisors with negotiating with HM Revenue & Customs. In the case of HM Revenue & Customs raising assessments to tax, interest and penalties, 4 Eyes Ltd can quantify the error or omission and negotiate a satisfactory settlement with HM Revenue & Customs.

The negative impact of the eventual assessment and penalty may be mitigated through challenging quantum, agreeing facts, assisting HM Revenue & Customs to arrive at the “true tax”, negotiating a time to pay agreement and the adaptation of SMART penalties.