HM Revenue & Customs has published a document setting out plans for a new penalties regime, following the consultation earlier this year. It will focus on persistent non-compliers rather than those who make occasional errors, and in particular end the practice of issuing late filing penalties even where no tax was due.
Plans to scrap late filing penalties regime
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The firm aims to give its clients the benefit of long experience, which is considerable bearing in mind the fact that all of the partners have been in practice in Northern Ireland for over twenty or more years.
