Penalties, interest and time limits

Penalties, interest and time limits guidance:

FORTHCOMING CHANGE relating to inaccuracy penalties: Following an initial discussion document that was published on 2 February 2015, HMRC is consulting on a number of...

Practice Note

FORTHCOMING CHANGE relating to inaccuracy penalties: Following an initial discussion document that was published on 2 February 2015, HMRC is consulting on a number of...

Practice Note

Introduction The government’s strategy for tackling offshore tax evasion was initially set out in HMRC’s 2014 No Safe Havens and has been supplemented by HMRC’s No Safe...

Practice Note

This Practice Note discusses the two ‘failure to prevent’ corporate criminal offences created by the Criminal Finances Act 2017 (CFA 2017): • CFA 2017, s 45 creates the...

Practice Note

Coronavirus (COVID-19): During the coronavirus pandemic, HMRC allowed deferral of certain VAT payments and self-assessment payments on account (for which see Practice...

Practice Note

FORTHCOMING CHANGE: HMRC has consulted on the introduction of a new model that will replace the current late payment penalties with a hybrid regime of penalties and...

Practice Note

FORTHCOMING CHANGE: HMRC has consulted on the introduction of a new model that will replace the current late payment penalties with a hybrid regime of penalties and...

Practice Note

FORTHCOMING CHANGE: Following a consultation by HMRC which ran from 19 February 2018 to 14 May 2018, the government has included legislation in the Finance Bill 2019 to...

Practice Note

Background to the strict liability offences for offshore tax evaders The government’s strategy for tackling offshore tax evasion was initially set out in HMRC’s 2014 No...

Practice Note

FORTHCOMING CHANGE: On 6 July 2018, draft legislation was published for inclusion in Finance Bill 2019 to extend the tax assessment time limit (during which HMRC may...

Practice Note

FORTHCOMING CHANGE relating to Spring Budget 2020 and Finance Bill 2020–21: It was announced at Spring Budget 2020 on 11 March 2020 that the government is taking forward...

Practice Note

FORTHCOMING CHANGE: HMRC has consulted on proposals to amend the rules in Schedule 41 to the Finance Act 2008 on penalties for failure to notify, as part of a number of...

Practice Note

FORTHCOMING CHANGE: HMRC has consulted on proposals to amend the rules in Schedule 41 to the Finance Act 2008 on penalties for failure to notify, as part of a number of...

Practice Note

ARCHIVED: This Practice Note has been archived and is not maintained. HMRC has the power to charge a penalty where there are errors in, or omissions from, tax returns....

Practice Note

FORTHCOMING CHANGE relating to inaccuracy penalties: Following an initial discussion document that was published on 2 February 2015, HMRC is consulting on a number of...

Practice Note

FORTHCOMING CHANGE relating to inaccuracy penalties: Following an initial discussion document that was published on 2 February 2015, HMRC is consulting on a number of...

Practice Note

FORTHCOMING CHANGE relating to inaccuracy penalties: Following an initial discussion document that was published on 2 February 2015, HMRC is consulting on a number of...

Practice Note

FORTHCOMING CHANGE: HMRC has consulted on proposals to amend the rules in Schedule 41 to the Finance Act 2008 on penalties for failure to notify, as part of a number of...

Practice Note

FORTHCOMING CHANGE relating to inaccuracy penalties: Following an initial discussion document that was published on 2 February 2015, HMRC is consulting on a number of...

Practice Note

A taxpayer will not be liable for a penalty for late payment of tax if they have a reasonable excuse for failing to comply with the legislation. For details of the...

Practice Note

What is the requirement to correct? The legislation for the requirement to correct (RTC) regime is set out in section 67 and Schedule 18 to the Finance (No 2) Act 2017...

Practice Note

FORTHCOMING CHANGE relating to inaccuracy penalties: Following an initial discussion document that was published on 2 February 2015, HMRC is consulting on a number of...

Practice Note

FORTHCOMING CHANGES: HMRC intends to make wide-ranging changes to the rules on tax penalties, as part of its 'Making Tax Digital' reforms and a wider penalty review....

Practice Note
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