A report has unveiled recently that millions of small businesses have been facing disturbance due to sudden shutdowns of their computers.
It has been found that the shutdowns were caused by inexperienced tax officials. The report has found that the switch off of computers would last until Wednesday, which is a great problem for businessmen as it is one of the busiest times of the financial year.
It is being anticipated that millions of businesses could be in trouble before the April deadline. A big chaos has been created by the act of officials, says the report, as the systems included all plans ranging from those for the self-employed, accountants as well as business owners.
Further, the decision of shut down has also become a problem for many because they may need to file end-of-year tax and payroll returns, says the report. Those who are in need of paying VAT bills by the April 7 deadline might need to pay £5,000 as a penalty for late payment.
“With regards VAT returns, if this shutdown does lead to problems and customers find they cannot file their returns on time, we would hope HMRC has put in place a plan and is ready to deal with the fallout quickly and efficiently”, says Phil Orford, Chief Executive of the Forum of Private Business.
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