More literature on new penalties

New Powerpoint presentation for agents to use

The new penalties apply initially to Income Tax (including Self Assessment), VAT, employers paying PAYE, National Insurance contributions, Corporation Tax, Capital Gains Tax and the Construction Industry Scheme.

They will apply for these taxes to errors in tax returns or other documents, for periods starting on or after 1 April 2008, that are due to be filed on or after 1 April 2009.

The new penalties for tax errors will be extended to most of other taxes, levies and duties, for periods commencing from 1 April 2009, where the return is due to be filed from 1 April 2010.

Agents can download a new Powerpoint presentation, which you can tailor with the details of your practice, to show clients how the new penalties system will work.

16 November 2008