Fawcetts is one of Salisbury’s most established firms of chartered accountants, with four partners and a team of 25 highly-qualified and experienced support staff.
A large number of our staff have been with the practice for many years and as a client you will benefit from this partner-led stability and continuity of contact. All of our team are encouraged to interact and communicate with clients regularly and using leading technology we can ensure you benefit from fast turnaround of your work and speedy responses to your needs.
We work hard to ensure our relationships with HMRC, banks and other important legal and financial institutions are robust, which means you immediately benefit from the goodwill we have built with them.
We are proud to be members of the UK200Group of practising chartered accountants, which quality-checks our activities and gives you access, through us, to the best range of technical expertise available. We are also members of IAPA, an international association of accountants with offices across 170 countries, enabling us to help you should you need access to international expertise as companies enter a new global marketplace.
We love working with small businesses of all shapes and sizes. In addition our team have particular expertise in a range of specialist sectors, including charities, independent schools, agricultural and rural affairs, equestrian businesses and the construction industry.
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A response to a freedom of information request has revealed that HM Revenue & Customs (HMRC) cancelled 270,000 late penalty notices in 2016.
However, this figure was dwarfed by the 610,000 cancellations in 2015 and the 400,000 cancellations in 2014.
The request was made by a partner in a ‘magic circle’ law firm, who was himself issued with a late penalty notice, despite having submitted his tax return in December, ahead of the 31 January deadline.
Despite having filed on time, when HMRC overturned the penalty in March this year, it nevertheless issued a letter, stating “if you file on time we won’t charge penalties”.
While HMRC revealed the number of late penalty notices that were cancelled over the three-year period, it did not disclose how many of these were the consequence of errors on the part of the Revenue, as opposed to the taxpayer having a reasonable excuse for late filing.
A spokesperson for HMRC said: “We don’t want penalties, we just want tax returns. Taxpayers with a reasonable excuse for filing late or who have been taken out of SA do not have to pay penalties. Taxpayers who file on time are not issued with penalties.”