Revenue slammed over £100 penalty

The Federation of Small Businesses lambasted the Revenue this week saying the introduction of the fine was a Revenue attack on ‘people who make honest mistakes’.

David Hands, for the FSB, said: ‘If people think they will be burdened with inspection they will think twice about a start-up.’

The fine comes as part of the Treasury’s efforts to push new business to register themselves promptly. New businesses will have three months to declare themselves or face the £100 penalty.

Tax experts have also thrown scorn at the measure, saying there will be technical problems.

Francesca Lagerberg of the ICAEW’s Tax Faculty said: ‘It’s not always easy to actually define a start-up.’

The real test will be whether micro businesses or individuals doing one-off jobs will have to register or face the fine.


Revenue in business registration drive

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