Taxman Wields Big Stick ; Can't Be Bothered to Get That Tax Form Sent In? Well Think Again. You Risk a Fine of Pounds 60a Day
Mail on Sunday › January 13, 2004
Linked as:
Summary
The Inland Revenue's renewed threat to impose Pounds 60a-day fines on taxpayers who repeatedly fail to file their returns or pay any tax owed is just one of a list of penalties faced by late payers.
But the taxman hopes that the fear of escalating fines will stamp out serious misdemeanours more effectively than fixed penalties.See the full content of this document
Extract
Taxman Wields Big Stick ; Can't Be Bothered to Get That Tax Form Sent In? Well Think Again. You Risk a Fine of Pounds 60a Day
The Revenue has had the right to charge serious culprits Pounds 60 a day since the self-assessment tax system was introduced in April 1996, but so far it has used it sparingly.
An Inland Revenue spokesman says this will change from A...See the full content of this document
Sponsored links
