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
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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The firm says that the U-turn 'does not alter the need for a fundamental review of the way we tax work' and that the current tax system is in need of reform
Legislation on the NICs changes to be brought forward in the autumn following publication of 'the full effects of the changes to Class 2 and Class 4' in the summer
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