Individuals earning more than £50,000 who have failed to opt out of child benefit and do not register for self assessment by 5 October risk being severely fined.
In the last four years they have completed the partnership VAT returns and paid over about £60,000 in VAT, They are builders.
HMRC has provided some clarification over RTI pilot penalties and late returns after a number of AccountingWEB members set alarm bells ringing last week.
The McLaren Formula One team has been able to claim that a £32m penalty for spying on rival Ferrari was tax deductible.
I've just realised that I omitted a benefit of a P11D that was filed on time for 2011-12. The difference in tax due is £400.00.
A taxpayer who incorrectly claimed tax relief in his tax return has overturned a £14,000 penalty after a tribunal ruled his accountant was to blame for the careless error.
This is about penalties.
About 500,000 people will be sent sent notices of penalties of at least £1,200 for not submitting their S elf Assessment tax returns, reports Nick Huber.
A man who lost his job has won a four-year battle to overturn a £100 penalty for the late submission of a Self Assessment tax return. Nick Huber reports.