Error or mistake claim
One of the less well publicised items in the Budget was on error or mistake claims. Currently, if you discover a mistake on your tax return and have overpaid tax as a result, individuals have five years and ten months (and companies six years) in which to make a claim to have the tax repaid. This time limit reduces to four years with effect from April 2010.
Now would be a good time to have a look at the past.
Cathy Corns is a tax adviser and a partner at Mercer & Hole. The views given in this blog are personal to the author.
Date: 13th July, 2009
Articles from this Author
Contact Business Service Partners
Choose from the drop down menu below to select a Partner to contact.
Business News from Mercer & Hole Accountants - Considering outsourcing your financial functions? Read on... mailchi.mp/stalbans-chamb…
For the latest Mercer & Hole news, visit our LinkedIn page mercer-&-hole