[ˈriːznəbᵊl ɪksˈkjuːs]
A Reasonable Excuse is defined by HMRC as something that stops someone from meeting their tax obligations, even though they did everything they could.
Reasonable Excuse is a term used by HMRC to describe something that stopped an individual from fulfilling their tax obligations that they took reasonable care to meet. It is needed in order to appeal a fine by HMRC.
Some Reasonable Excuses include a parter or close relative dying, unexpected stays in hospital, having a life-threatening illness etc.
HMRC will carefully review any appeals on a case by case basis and decide if you have an applicable Reasonable Excuse. If they accept your excuse, it may be possible for you to avoid or reduce fines and interest charges issued by HMRC.
January 31st is the deadline for submitting 2022/23 tax returns. It's a good idea to complete your tax return ahead of this deadline to avoid mistakes and potential penalties. This article shows why its a good idea to submit your tax return early and how Earnr can help you if you are stuck.
Read more.webp)
We recently introduced our newest addition to the Earnr team; our AI chat bot, Earnr AI. In this article we put Earnr AI to the test and asked it why you should use Earnr as your tax companion, bookkeeping tool and tax return assistant. Read it's excellent response!
Read more
The festive period is often thought of as the busiest time of the year with the run up to Christmas and New Year. Whilst this period can feel hectic at times, it can also be seen as the perfect time to complete your tax return. In this article we explain why this Christmas time is the best time to submit your 22/23 tax return.
Read more