Annual Return

[Patti]

Hi. I'm new here. Does anyone know what happens if a mistake (oversight) is made on an anual return. Do you get an option to rectify the mistake?

[nealrm]

You can file an amended return. Check with an accountant, but I think you can amend them for up to 5 years. If it is after the due date, interest will apply.

[Patti]

Thank you for your reply. Does this apply in the UK? A change in the ownership of a property was overlooked in an Annual Return a few years ago.

[nealrm]

I have zero experience with UK taxes. I suggest talking with an account in the UK. I suspect the answer will fall somewhere between 'Thank you for reporting your own mistake' and 'Would you like a smoke while the firing squad loads their rifles?'