HMRC officially launch their VAT amnesty this week targetted at businesses which should be VAT registered – but aren’t. Most offenders will pay a penalty of 10% in addition to the tax owed. After 30 September the penalties will be much more severe and, in some cases, could result in criminal prosecutions.
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Archive for the ‘Penalties’ Category
Playing Music – Don’t Fiddle!
If you use music in your business then you need to make sure you’ve got the proper licences in place. Depending on your use of music you may need to have a licence from both the PRS and the PPL. Typical situations that require a licence are: Music on Hold Radios etc in shops /[...] Read more »
Huge Tax Penalties ahead for Late Filing
With the summer stretching out before us the last thing on the mind of many people will be getting their tax return done. But it’s worth remembering the massive increase in penalties for late filing. For 2011/12 there’s a new set of automatic penalties which are a real deterrent. For example, someone filing their return[...] Read more »
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