HMRC’s New Penalty Regime

From 2010-2011 H.M Revenue and Customs have dramatically increased the financial penalties for late submission of self assessment returns.  These penalties are in addition to the increased penalty regime introduced in April 2009.  Annexed is a resume of their new powers and new penalties which do not just relate to late submissions but also to errors.  Caution needs to be exercised!

Link: HMRC’s New Penalty Regime