Thursday, 30 April 2015

HMRC Trebles Fines For "Deliberate" Errors

Baker Tilly has identified that HMRC has trebled the number of penalties issued for ‘deliberate’ as opposed to ‘careless’ mistakes on self-assessment returns.

The number of penalties imposed for ‘deliberate’ rather than ‘careless’ inaccuracies in tax returns has risen to 14,401 (up from 5,162 in 2012-13).

Mike Down, Baker Tilly’s head of tax investigations, is quoted by Contractor UK:
"The taxman is getting much tougher on people who are under-declaring their income in their tax returns.”

Thus creating a nice little earner for the government.

Tax does have to be taxing.

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