Introduction
- This is our approach to all articles.
- TAS > Tax Account Summary
- HSoA > HMRC Statement of Account
Tax Account Summary (TAS)
- This shows the position of your Tax account as shown on HMRC’s online portal.
HMRC Statement of Account (HSoA)
- Due to the pandemic and for many other good reasons, the current times necessitates that we provide everyone with a “Boomerang” of the agreed up to date “Statement of Account: HMRC”.
- This for you to manage in the future on a regular basis.
- The Boomerang shows the following:
- Tax Liability
- Penalties
- Surcharges
- Interest
- Payments on Account
- Time to Pay Arrangements (TTP)
- The reasons behind this are as follows:
- Interest due on unpaid liabilities will change due to TTP arrangements
- Allows you to keep track of current position without having to refer back to Avar.
- Ensures payments are up to date to avoid further interest, surcharges and penalties.