Tax Insider Tip: The Penalty Escape HMRC ‘Overlooked’
The tax system in the UK might seem harsh when it comes to imposing penalties for non-compliance with statutory obligations. A common example is penalties for the late filing of self-assessment tax returns by individuals.
In October's issue of Property Tax Insider, and in an article you can read for free on our website, Mark McLaughlin points out that penalties imposed by HMRC for late tax returns should be checked carefully.
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