HMRC’s policy on penalties

KEY POINTS

• A self-assessment tax return was logged and unlogged as a result of a small arithmetical error.
• Reliance on the postal service when delivering tax documents.
• Late filing penalties for non-resident capital gains tax returns.
• Reasonable excuse and the submission of ‘voluntary’ self-assessment tax returns.
• Undeclared income taxpayer behaviour and inaccuracy penalties.
• Penalties under the failure to correct regime and the implications.
...