CIOT comments: Penalties for Failure to Pay Tax

Published on: 07 June 2024

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Specialist Tax Regulatory Materials

Article summary

The CIOT and Low Incomes Tax Reform Group (LITRG) has commented on draft legislation that was recently published by HMRC which would make changes to assessment provisions under the harmonised penalty rules for late payment of tax which initially apply to VAT and ITSA. The response includes several suggestions for improvement of the legislation.

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