SA penalty proposals

SA penalty proposals

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A client has sent me an article from last weeks Daily Mail.

I was aware of the consultation on possibly changing the penalty regime for Self Assessment.

The Daily Mail has "discovered" that these could be as much as £2k although having read the article they have not stated how they have made this discovery.

Having re-read the consultation I cannot see any reference.

I suppose if a client was sufficiently late under the current system they could face penalties of £1,600 minimum so perhaps, even if it is correct, the DM figure is not that much different to be of concern.

Just wondered if anybody had seen any similar proposals or might have any idea where the DM get their figure from or, is this just newspaper hyperbole!?

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