Spring 2008 Newsletter Content Winter Of Discontent CGT Winners CGT Losers Shifty Business Anything To Declare? Long Arm Of The Law Irreplaceable You Earn As You Pay Ask Questions Later Capital Ideas ISA ISA ISA Referee! Go Green VAT Or No VAT? Taking The Register Close Encounters May Contain Nuts Going Concern Ancient History Business And Pleasure Do Your Duty Know Your Rights Time To Go? Passing The Buck

Referee! "That was never a penalty!" Footballers crowd around the referee to protest, and never persuade him to change his mind. HM Revenue & Customs, on the other hand, sometimes do accept that they should not have issued a penalty notice. Due to an error on their computer, some 16,000 (their estimate) employers received a penalty notice for late filing of their end-of-year P35 return when they had actually submitted it online two days before the deadline. HMRC say that they have written to everyone affected and have apologised. It's a reminder not to take everything that comes from the taxman as reliable - we can help you tell the difference between a real penalty and a bogus one, and help you deal with either.