Has anyone in practice seen a fine for late submission of a form 42 or is it just one of those threats which, at some point, HMRC could follow through on if they felt like it? Many thanks for any responses.
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Never
Until recently I thought that these were put in a pile somewhere in a HMRC office and forgotten about however recently an Inspector actually referred to information contained on the company Form 42!
No, none yet. I had some last year for clients of mine that were taken over and the new company did not do the filing but there was never a fine.