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Tax security

16 August 2010
Issue: 4268 / Categories: News , eco-taxes , green taxes , Admin
Notice ET1

In the same way that HMRC may require the payment of an amount of security if they consider there is a risk of tax being unpaid, a similar security may be required in respect of environmental taxes: landfill tax, aggregates levy, climate change levy and insurance premium tax.

Notice ET1 explains that a notice of requirement may be issued to taxpayers where:

  • there has been a failure to comply with tax obligations;
  • a business is run by disqualified directors or undischarged bankrupts;
  • there has been a previous prosecution or penalty for a tax offence; or
  • other persons concerned in the current registration of the business are connected with past failures to pay tax.

Other circumstances may also require security.

Issue: 4268 / Categories: News , eco-taxes , green taxes , Admin
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