HMRC have published a leaflet on the new HMRC penalties warning tax payers to make sure that their records are sufficient to comply with the new penalty regime. The new legislation covers returns and other documents issued for periods commencing from 1 April 2008 which are due for submission from 1 April 2009.
If you have any concerns about the penalties or the records you should be maintaining please do get in touch.
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