Controversial proposals put forward by
HM Revenue & Customs
(HMRC) to introduce penalties for late filing of tax returns, potentially
increasing to 100% of the tax bill in cases of deliberate failure to file, have
drawn strong objections from tax advisers.
John Whiting of PricewaterhouseCoopers told
the Financial Times he objected ‘very strongly’ to tax-based penalties
for late returns, because the taxpayer would also be charged interest based on
the amount of tax due.
Taxpayers also face penalties for late payment which could rise to 10% to 30%
of the unpaid tax after a year, the HMRC said in a consultation document
published last week together with other proposals aimed at streamlining the
administration of taxes and establish the rights and obligations of taxpayers.
Roy Maugham of UHY Hacker
Young said the proposed penalty regime to encourage filing and payment of
tax on time was more draconian than the existing regime.
Andrew Howson joins the firm from EY, bringing experience in advising private equity and corporate clients across multiple sectors in the UK and Europe
Dennis Layton takes up the position on April 1 and will contribute to the firm’s goal of becoming the leading global professional services organisation by 2020
Richard Cartwright becomes the new head, taking over from incumbent head of office David Lemon
Brian Burke, business development director, has moved within the firm to 'develop Quantuma’s networks with Sussex professional firms'