Saturday, 31 March 2007

Taxpayers may be penalised for IR mistakes

Taxpayers can no longer expect to be presumed innocent by the taxman under proposed changes that will increase penalties for unpaid tax.

Under the changes, introduced in the Commons last week, taxpayers will be forced to second-guess assessments from HM Revenue & Customs inspectors and scrutinise the work of their own accountants or pay hefty penalties for mistakes. Read more

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