Harsh new rules imposed by HM Revenue
& Customs will force taxpayers to second-guess assessments from tax
inspectors and scrutinise the work of their own accountants – or pay hefty
penalties for mistakes, The
Changes introduced in the
Commons last week mean that taxpayers will have 30 days to spot an error in
a Revenue assessment or face penalties of up to 30% of the amount of the unpaid
The revised penalty regime comes into force at the start of the 2008
It will also see taxpayers lose the defence that previously operated where a
mistake was the fault of an accountant or tax adviser.
In the past, if a taxpayer was entirely innocent, the Revenue could not apply
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