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22 September 2015
Responses to HMRC discussion document on penalties has been published.
Respondents to HMRC penalties: a discussion document published in February 2015 have called for non-compliance penalties to distinguish between taxpayers who make only the occasional error and those who persistently flout the regulations.
Many pointed out the tensions between having a proportionate and fair system for individual taxpayers and ensuring a consistent and standardised approach. There were differing views about the best overall penalty model. Some favoured greater use of interest instead of penalties while others suggested adjustments to the current regime.
According to HMRC’s recently published summary of responses there was general agreement that:
- the focus on persistent non-compliers rather than those who might make the occasional error was correct; and
- the five principles outlined in the document were accurate. ...
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