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Emergency Budget 2010 - HMRC powers and penalties

The Chancellor has announced new penalties for the late submission of tax returns or payment of tax for a range of taxes, including VAT, insurance premium tax and various duties.

The new regime for these taxes completes the reform of penalties for late submission and late payment of tax, which began in Alistair Darling's 2009 Budget.
 

 

 

Date: 22nd June, 2010
Author: David Mansell

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