Business and Tax News - Penalties

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May 25th 2022
Tax Week 8
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PENALTIES - NEWS

Self Assessment Late Penalties Relaxed Due To Pandemic

TAX RETURN

Self Assessment Late Penalties Relaxed Due To Pandemic

Temporary easing of penalty dates comes as near half of tax returns remain outstanding.
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HMRC Delays Sending Penalty Notices

PERSONAL TAX

HMRC Delays Sending Penalty Notices

Letters detailing fines/penalties not being sent until late April, which is two months later than usual.
Giving Advice on How to Avoid Tax? Prepare To Be Fined

FRAUD

Giving Advice on How to Avoid Tax? Prepare To Be Fined

HMRC is planning to fine accountants and others enabling tax avoidance up to 100 per cent of the dodged tax.
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