penalties are restricted to the tax that is due under SA (personal), but not Corporation Tax, PAYE, CIS etc...why?
what can be done for a company that has not filed CIS returns for about 11 or 12 months, incurring £6,100 in penalties along the way. surely it is unreasonable to ask a business to pay £6,100 when no tax was due to be paid*. is there a way around this other than pleading stupidity?
no tax would be payable in any given month as CIS suffered is more than CIS deducted so HMRC are not out of pcoket.
This business also has profits of around £15k per annum.
any thoughts...
penalty regime
2 posts • Page 1 of 1
penalty regime
by Jantra on Thu Feb 04, 2010 5:50 pm
- Jantra
- Posts: 75
- Joined: Tue Aug 11, 2009 8:35 pm
Re: penalty regime
by Tax Champion on Tue Feb 16, 2010 11:25 pm
The CIS penalty scheme is without doubt total extreme. The is a case progressing in the courts to test if it is reasonable. Penalties should also be proportionate to the offence.
I maybe possible but feel free to contact me
I maybe possible but feel free to contact me
- Tax Champion
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- Joined: Wed Aug 06, 2008 4:09 pm
2 posts • Page 1 of 1
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