01983 614108

New Self Assessment Penalties

by | Mar 31, 2011 | penalties, personal taxatation

HMRC have recently issued guidance on the new penalty regieme for late Self Assessment returns.You can see it here:The new penalty regieme starts from this month, April 2011, and increases the penalties for late returns significantly:The penalties for filing your tax...

CIS Penalties

by | Aug 23, 2010 | penalties

Theres a tax case report in one of our professional journals this week, Lewis v CRC.Its a simple case – a contractor took on a subcontractor, and initally ignored the CIS rules regarding monthly returns. The contract with the subcontractor run from May 2007 to...

Proportionality of tax penalties

by | Jan 14, 2010 | business taxation, penalties

Taxation this week carries an interesting article on a recent tax case, SKG (London) Ltd (TC282). http://www.taxation.co.uk/taxation/articles/2010/01/12/19804/disproportionate-penalty The company was unaware of the requirement to operate CIS – it previously had...