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Tax Tip

HMRC produce video on Penalties. 19/04/12

The video is in two parts and explains how the penalties for Inaccuracies in documents and returns are calculated and the reasoning behind them.

  • They cover the following areas:
  • when a penalty is chargeable
  • types of behaviours associated with the penalty regime
  • prompted and unprompted disclosures
  • reductions and quality of disclosures
  • penalty calculations
  • suspensions and appeals

Stuart Coleman, Manager of the Tax Department of ABDS says:
“The tax legislation is increasingly complex and difficult, and professional advice should always be sought.”

The two videos can be seen on Youtube
Part One: http://www.youtube.com/watch?v=RGf8OpAhoAU
Part Two: http://www.youtube.com/watch?v=YWMoN13ldYY&feature=relmfu


If you need any help and advice with Corporate or Personal Tax returns, contact ABDS to discuss how we can help.

ABDS Chartered Certified Accountants of Southampton.
Tel: 023 8083 6900  E-mail: abds@netaccountants.net

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