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.
