Andrew Bradford, Tax Director, Deloitte, reports the results of a recent survey, which suggest that business is not over-prepared for the new penalty regime
Andrew Bradford Tax Director Deloitte reports the results of a recent survey which suggest that business is not over-prepared for the new penalty regime
The new penalty regime for tax returns submitted on or after 1 April 2009 is a major change in HMRC policy and will have a dramatic impact on the way penalties are levied. The changes potentially put even the most diligent of taxpayers at risk of incurring a penalty where tax is misdeclared. Businesses should therefore review their current tax return processes to ensure the risk of incurring a penalty is minimised.
This article looks at the penalty regime from the...
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Andrew Bradford, Tax Director, Deloitte, reports the results of a recent survey, which suggest that business is not over-prepared for the new penalty regime
Andrew Bradford Tax Director Deloitte reports the results of a recent survey which suggest that business is not over-prepared for the new penalty regime
The new penalty regime for tax returns submitted on or after 1 April 2009 is a major change in HMRC policy and will have a dramatic impact on the way penalties are levied. The changes potentially put even the most diligent of taxpayers at risk of incurring a penalty where tax is misdeclared. Businesses should therefore review their current tax return processes to ensure the risk of incurring a penalty is minimised.
This article looks at the penalty regime from the...
If you or your firm subscribes to Taxjournal.com, please click the login box below:
If you do not subscribe but are a registered user, please enter your details in the following boxes:
