Tax Tip

The video is in two parts and explains how the penalties for Inaccuracies in documents and returns are calculated and the reasoning behind them.

• They cover the following areas:
• when a penalty is chargeable
• types of behaviours associated with the penalty regime
• prompted and unprompted disclosures
• reductions and quality of disclosures
• penalty calculations
• suspensions and appeals

Stuart Coleman, Manager of the Tax Department of ABDS says:
“The tax legislation is increasingly complex and difficult, and professional advice should always be sought.”

The two videos can be seen on Youtube
Part One: http://www.youtube.com/watch?v=RGf8OpAhoAU
Part Two: http://www.youtube.com/watch?v=YWMoN13ldYY&feature=relmfu

If you need any help and advice with Corporate or Personal Tax returns, contact ABDS to discuss how we can help.

ABDS Chartered Certified Accountants of Southampton.
Tel: 023 8083 6900  E-mail: abds@netaccountants.net

Great with People  Brilliant with numbers Clear and precise with words