Commentary

A4.566 Late payment penalties outside the harmonised regime

Administration and compliance

A4.566 Late payment penalties outside the harmonised regime

A4.566 Late payment penalties outside the harmonised regime

The income tax and corporation tax late payment penalties described below fall outside the harmonised regime but remain chargeable.

Incorrect claim to reduce or cancel income tax payments on account

A taxpayer who is required to make payments on account of income tax liability (see E1.251) may apply to cancel or reduce those payments if they believe that their liability for the year will be less than the payments required. When submitting such an application, they must state the grounds on which it is made.

If the taxpayer fraudulently or negligently makes any incorrect

To continue reading
View the latest version of this document, as well as thousands of others like it, sign in to TolleyLibrary or register for a free trial