HMRC have issued revised guidance on the system of penalties which they will be able to apply to taxpayers.
The revised penalties were introduced as part of legislation enacted in the Finance Act 2007. The penalties generally affect returns which cover the period from April 2008 and are due to be submitted from 1 April 2009
Simon Coles & Co, PO Box 600, London, WC1H 0XB
Telephone & Fax: 020 7278 5447 Email: info@simoncoles.co.uk
Simon Coles & Co is a trading name of Simon Coles Limited - Company Reg.: 4489932
Registered to carry on audit work by the Institute of Chartered Accountants in England and Wales