HMRC has launched new online learning resources for accountants, providing tips and advice on penalties for inaccuracies in returns and documents.
The Revenue has a raft of learning resources for tax agents, including YouTube videos and downloadable transcripts, which it updates periodically.
Its latest seven-minute view covers many aspects of penalties for inaccuracies, including reasonable care and:
- Where a penalty is chargeable
- Types of behaviours associated with the penalty regime
- Prompted and unprompted disclosures
- Reductions and qualities of disclosures
- Penalty calculations
- Suspensions and appeals
Here's a brief digest of what the video covers...