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Penalties

Expert commentary and practical guidance from ICAEW related to penalties associated with failing to comply with UK tax regime.

In this section

Features and articles

Moment of truth for MTD VAT

HMRC’s online VAT return will close on 1 November 2022. From that date, businesses and agents will only be able to file VAT returns using MTD compatible software. The online VAT return will remain available to those with a digital exclusion exemption.

ICAEW technical round-up: June 2022

This month’s top technical stories include a decrease in the UK’s estimated tax gap, delay to implementation of the global minimum tax rate and HMRC clarification on R&D tax credit compliance checks.

Tax news in brief 11 May

Highlights from the broader tax news for the week ending 11 May 2022, including: late payment interest rate increase; guidance on changes to VAT penalties and VAT interest charges; revocation of recognised status for Moscow Stock Exchange; a GAAR Advisory Panel Opinion; exclusivity clauses in employment contracts; and HMRC’s Residential Property Developer Tax Manual.

Tax news in brief

Highlights from the broader tax news for the week ending 23 March 2022, including: guidance on plastic packaging tax that has the force of law; increased interest rates for late payment of tax; and a tax-geared penalty for failure to comply with an information notice.

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Payment of income tax, interest and penalties

This chapter identifies when income tax is payable and how interest is calculated on underpaid or late payments. It also touches on the tax penalties which may be imposed for failing to comply with tax law.

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Bloomsbury Core Accounting and Tax Service

Eligible firms have free access to Bloomsbury Professional's comprehensive online library, comprising more than 60 titles from some of the country's leading tax and accounting subject matter experts. Find out who is eligible and how you can access the Core Accounting and Tax Service.

Guide to taxpayers’ rights and HMRC powers

Guide to the growing breadth of HMRC powers and the increasingly complex penalty regime for non-compliance.

Penalties

A chapter on HMRC powers in relation to tax penalties.

Assessment and VAT penalties

This chapter provides an overview of HMRC assessments and VAT penalty procedures.

Value added tax 2022-23

An accessible guide to current VAT law, written for both professional advisers and non-professionals.

Terms of use: You are permitted to access, download, copy, or print out content from eBooks for your own research or study only, subject to the Acceptable usage terms.

Representations

ICAEW Rep 76/18

Trust registration service penalties

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