Paul Mason's Tax slides can be accessed by members here - PCG

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Enquiry Regime:Penalties (cont’d)After penalty range has <strong>be</strong>en determined mitigationis given for:~ Telling – 30%~ Helping – 40%~ Giving access – 40%Suspended penalties~ only for ‘Careless’~ must <strong>be</strong> a genuine risk of repeating the error~ Agreed conditions (SMART)
Enquiry Regime:Penalties for late Returns• Automatic £100 penalty• Return outstanding 3 months later – dailypenalty of £10 per day for up to 90 days• Return still outstanding after 6 months thepenalty is the higher of £300 or 5% of liability• After 12 months another penalty of the higher of£300 or 5% of liability
Page 1 and 2: the right people the right protecti
Page 3 and 4: HMRC’s Enquiry Powers• 1 st Apr
Page 5: Enquiry Regime:Penalties• New pen
Page 9 and 10: The importance of recordsIt cannot
Page 11 and 12: Business RecordsChecks• These are
Page 13 and 14: Dealing with IR35 Investigations•
Page 15: How enquiries are started• Letter
Page 19 and 20: What happens next• The items supp
Page 21 and 22: Other Factors to consider• Clarif
Page 23 and 24: Assistance available to PCGmembers

Paul Mason's Tax slides can be accessed by members here - PCG

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