Schedule 41 of the Finance Act. By Simon Sweetman

A glimpse into the future today (and no, it's not Buck Rogers, Tax Inspector). Schedule 41 of the Finance Act (Schedule 41! burden reduction?) deals inter alia with what we know as 'failure to notify'. It was in the past anomalous that making an incorrect return had been treated as more heinous than not making one at all: since 1995/6, s.7 TMA 1970 brought the penalties more into line.

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