Generally

Late VAT repayment to an associate

Mitigation of penalties

Reason for

Accountant's own shortage of funds

Bank's unexpected action

Excessive drawings by proprietor

Generally

Late repayment or credit

Unexpected downturn in business

Reasonable excuse

Reasonable excuse, default surcharge

Company credit card used by managing director for personal expenditure

Generally

Late repayment by Customs to associated company

Major customer's late payment

Priority arrangement with bank

Statute-barred excuses

Steptoe defence

Cash basis users excused

Deteriorating financial position

Evidence

Generally

HMRC present cheque later than expected

Reliance on only one or few customers who pay late