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HMRC internal manual

Compliance Operational Guidance

From
HM Revenue & Customs
Updated
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Supporting Guidance: employer compliance: guidance by subject: directors: recovery from director personally

When omissions of directors expenses and benefits are discovered it is Departmental policy to settle the duties arising with the director personally, usually by a contract settlement.

Contract settlements with individuals are referred to for accounting purposes only as

  • Class 1A settlements

Directors may be liable to penalties for the submission of incorrect or late personal tax returns COG930050.

If settlement is with the company, rather than the director, there would be a perception that directors were being relieved of their statutory responsibilities.

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