Directory results

 
Result 1 of 3 results
  • Tax Memo - Harmonised tax administration - Penalties - Penalties under the information powers - 96705
    A standard penalty of £300 may be levied if a taxpayer fails to comply with an information notice (¶97085), or deliberately obstructs an officer of HMRC who is attempting to carry out an inspection that has been approved by the First-tier Tribunal. HMRC attended V8680's premises (a restaurant) on a number of occasions and asked for information but the officers were told that nobody would speak to them. HMRC obtained approval for an inspection visit from the Tribunal but the officers were again told that nobody...
    Click here
  • Tax Memo - Harmonised tax administration - Penalties - Penalties for late filing and payment - Failure to file on time - 96760
    From various dates, not all yet announced, a late filing penalty will be imposed when a return or other document is submitted after the filing date. The affected taxes and documents are set out below: Tax (and commencement date, if known) Documents Penalties within initial 12 months Additional penalties after 12 months Income tax and CGT (6 April 2011)1 Tax returns, including any statements or documents in support of the returns, accounts, pension scheme returns Initial penalty of £100. Where failure continues...
    Click here
  • Tax Memo - Harmonised tax administration - Other reforms - Senior accounting officers - Penalties - 98865
    The following failures attract penalties. Party responsible Failure Senior accounting officer Not ensuring that appropriate tax accounting arrangements are in place Not providing a certificate or providing one that is carelessly or deliberate inaccurate Not advising HMRC of an error later discovered in a certificate Company Not advising HMRC of identity of senior accounting officer(s) The penalty for any failure is £5,000. All penalties are subject to appeal to HMRC and also the tribunal. This must be done...
    Click here
 
Result 1 of 3 results