If you own or manage a company that has paid corporation tax in the last two years, then you may have received an email from Sage 50 with the subject line “Sage 50 Corporation Tax Error 9288”. This error can prevent your company from claiming certain tax reliefs, and so it’s important to know what it is and what you need to do to resolve it.

What is Sage 50 Corporation Tax Error 9288?
Sage 50 Corporation Tax Error 9288 can refer to the following error:
The company has reported a liability for income tax of £10,000 when it should have reported a liability for corporation tax of $2,500.
This is an error with your company's corporation tax return that you should correct as soon as possible. If you have already corrected the error and you are awaiting confirmation from HMRC that the correction has been accepted, then you’re waiting period will finish on or before 6 April 2017. If you do not correct the error within this time, then HMRC may apply to court to enforce its right to demand the correction.

How Does Sage 50 Corporation Tax Error 9288 Affect Your Company?
If your company has an error in its Sage 50 corporation tax return, it may have to pay additional tax. This error, known as 'error 9288,' can affect companies with a taxable income of over $100,000.
To qualify for this error, your company must have used the incorrect software to file its taxes. This software is known as 'Presto.' Presto is a software package that helps companies with their tax returns. However, due to an error made by Presto, your company may not have been using the correct Sage 50 software.
If this is the case, then your company may have filed its taxes using the wrong software and this could lead to an additional tax bill. The extra tax will be calculated based on the amount of income that was wrongly taxed.

If you believe that you or your company might be affected by this error, then you should contact HMRC as soon as possible. They will be able to help you confirm whether or not you are liable for this extra tax and provide any advice that you need.
What to Do If You Find Yourself Affected by Sage 50 Corporation Tax Error 9288
If you have been affected by Sage Corporation Tax Error 9288, there are a few things that you should do in order to rectify the issue and ensure that your taxes are accurate. The first step is to file an amended tax return as soon as possible in order to correct the error. You may also need to contact your accountant or another tax professional for help with this process. Additionally, you may be able to receive a refund or credit for any taxes that were incorrectly withheld due to the error. Finally, make sure that you keep all of your documentation related to the erroneous payment in case you need it later on.

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Conclusion
If you have been affected by the Sage 50 Corporation Tax Error 9288, then you will need to take action in order to correct the error. By following the steps outlined in this article, you should be able to resolve the issue and ensure that your taxes are paid on time. If you cannot find a resolution through these methods, then it may be necessary to speak with a tax professional. Keep in mind that there may be penalties associated with late filing of taxes, so it is important to act as soon as possible if you encounter any difficulties. Thank you for reading this article and we hope that it has provided you with the information that you need to take appropriate action.
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