Archive: Penalty Point

Opinion Former Articles

  • Winning on penalties… LITRG welcomes new approach to treatment of late tax returns

    The Low Incomes Tax Reform Group (LITRG) has given a qualified welcome to a new ‘penalty point’ model for late submission of tax returns, contained in draft legislation published today.

  • Changes to new penalty point regime for MTD welcomed by CIOT

    The Chartered Institute of Taxation (CIOT) is pleased that its concerns about the fairness of penalties for filing late under Making Tax Digital (MTD) will be addressed by HMRC, particularly that penalty points will have a ‘shelf life’ and will therefore expire after a period of good compliance

  • CIOT: Institute seeks further extensions to RTI penalty free period

    The Chartered Institute of Taxation (CIOT) is calling on the Government to widen the penalty free period for the new system of ‘Real Time Information’1 (RTI) so that no penalties are levied on employers submitting inaccurate returns until April 2014. Currently it is proposed to levy penalties for incorrect returns from the point that Finance Bill 2013 gains Royal Assent (expected to be July 2013), although penalties for late in-year returns will not be introduced until April 2014.

  • BMF Calls for Bus Lane Clarity not Penalty

    This year's opening up some of London's bus lanes to motorcycles has been a welcome development says the British Motorcyclists Federation

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