Tax relief on property financial costs (Digital Disclosure)

[brisk]

I received a letter from HMRC relating to previous tax years. Turns out I accidentally put the wrong figures in boxes 26 and 44. Last year was easy to amend but the two previous years require a Digital Disclosure. I do not know how to calculate the following:

Penalty
Income / Gain
Tax
Interest
Penalty

Does anyone have any feedback on what to do? thanks!

 

[Handshears]

You have a serious situation because if there are miscalculations in taxes, it can lead to bad consequences. You need to go to the tax office and ask them these questions, not here. There are few people here who understand such matters, my friend. I once also had problems with taxes since my accountants at the firm incorrectly calculated them. Since, by the way, I started using sales forecasting software, I could predict successful transactions. I was also able to automatically calculate taxes for payment. Therefore I fired those accountants and am now solving this issue myself.

 

[Timothy E]

@Handshears
Thanks a lot for the information