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Revenue issues 37,000 daily penalties

HMRC issued 37,000 daily penalty charges in the last tax year, the department
has revealed, worth a total of £110m.

HMRC has the power to charge persistently late self-assessment filers £60 a
day.

An HMRC spokesman is quoted in The Telegraph saying: ‘Some 37,464
daily penalty charges were raised in 2004-5. This related to charges, not
individuals, as some taxpayers would have had a daily penalty charge for more
than one year.’

The Revenue also said that it had targeted tax debts more than 12 months old,
recovering a further £143m in 2004-5.

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