blog header image

Posted : 14 Mar 2016 at 16:40:31
Category: News

Share this article

This should ensure that people who make errors over relatively small sums of tax do not get caught by the offence which, for now, will apply just to income tax and capital gains tax

But the Chartered Institute of Taxation (CIOT), which called for safeguards earlier this year, says its main concern on behalf of taxpayers still stands

A taxpayer may fall within the ambit of the offence without any intention or knowledge on their part

The same document states that the offence will be triggered in three ways - failing to notify HMRC of chargeability of tax; failing to file a return and filing an inaccurate return

- ContractorUK

SIMILAR NEWS

blog header image
NEWS
FDS TO BE HELD PERSONALLY RESPONSIBLE FOR PROMPT PAYMENT

Finance directors signed up to the Prompt Payment Code (PPC) will take personal responsibility to ensure small business suppliers are paid within 30 days under new government reforms to crac ...

blog header image
NEWS
CALL FOR CONSISTENT BUSINESS BOUNCE BANK LOAN RECOVERY SCHEME

The body, which represents the UK debt collection and debt purchase sectors, is calling on the government to invest in a dedicated ‘BBL engagement scheme’ to advise SMEs who have taken out ...

blog header image
NEWS
GOVERNMENT CONFIRMS NO THREAT TO SHUT LONDON SITES

Government officials have confirmed there are no plans to shut construction sites in London amid fears over crowded tube trains in the capital Pictures of overcrowded station platforms publishe ...

blog header image
NEWS
THE CONSTRUCTION RECOVERY HAS GOT BACK ON TRACK RETURNING TO ITS PRE-PANDEMIC LEVEL AFTER THE RECORD 41% CLIFF FALL IN MARCH.

Latest construction output figures for November show the industry has pulled off a near V-shaped rebound led by infrastructure while commercial still lags. New work activity in November jumped 3. ...

blog header image
NEWS
BREXIT: NEW RULES ARE HERE

New rules apply to things like travel and doing business within Europe. Doing business with Europe has changed. You need to follow new rules on exports, imports, tariffs, data and hiring. Watch t ...

blog header image
NEWS
NEW BUSINESS SECRETARY TELLS CONSTRUCTION TO KEEP GOING DURING LOCKDOWN ON FIRST DAY IN ROLE

Open letter to industry from Kwasi Kwarteng acknowledges risks firms face in latest lockdown New business secretary Kwasi Kwarteng has written an open letter to the construction industry telling it ...

business-directory Business Directory
smartbusinessdirectory Payroll Services Business Directory
truebusinessdirectory payroll-services Directory
payroll-services Directory