High rainfall and flooding precipitates change in tax legislation

Recent flooding has disrupted many businesses and taxpayers alike, and in some cases this means that tax returns and payments have been made late.

In general, one can avoid tax penalties and interest if you have a reasonable excuse to prove that you were prevented from fulfilling your obligations under the taxes acts. The problem is often that the description of what is and what is not a “reasonable excuse” can vary from case to case, and it can be very time consuming examining the facts.

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