Income Tax - Penalties for Errors Flashcards
1
Q
If a taxpayer uses an agent (accountant) to complete a return, who is responsible for ensuring the return is correct?
A
Still the taxpayer
2
Q
How do penalties work?
A
They are raised by an assessment sent by HMRC and are due within 30 days
3
Q
How long can penalties be suspended for and why?
A
Penalties can be suspended for up to two years to allow taxpayers to put things right
4
Q
Can a taxpayer appeal against a penalty?
A
Yes
