blog header image

Posted : 14 Mar 2016 at 16:27:52
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
CITB PROPOSES TAKING LEVY BACK UP TO PRE-COVID FIGURE

The Construction Industry Training Board (CITB) has proposed hiking its levy back up to pre-covid rates from 2022 as it launches a consultation into its funding proposals. The skills body had suspende ...

blog header image
NEWS
SELF-EMPLOYED WORKER NUMBERS 13% DOWN ON PRE-COVID LEVEL

Numbers of self-employed workers are slowly returning to the pre-Christmas level despite worries that many eastern Europeans would not return after the break. According to the construction industry& ...

blog header image
NEWS
CONSTRUCTION CONTRACT AWARDS DROP BY 12% IN JANUARY

The value of construction contract awards decreased by 12% in January to £4.3bn, 10% lower than the monthly average in 2020 When compared to December, construction contract awards in Januar ...

blog header image
NEWS
UBER HAS LOST IN THE SUPREME COURT. HERE’S WHAT HAPPENS NEXT

Uber has lost a landmark case in the Supreme Court and must now classify drivers on its platform as workers. The ruling entitles Uber drivers to minimum wage and holiday pay, protections they were una ...

blog header image
NEWS
REVERSE VAT IS FAST APPROACHING

VAT registered construction businesses are advised to be aware of the reverse charge measure that is to be implemented from 1 March 2021. Letters were distributed to every VAT registered construction ...

blog header image
NEWS
HOW CONSTRUCTION CAN FIX ITS IMAGE POST-PANDEMIC

The new year is barely under way, yet it has already brought with it momentous change – new vaccines for COVID, being delivered at phenomenal pace; a potentially balanced political backdrop with ...

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