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penalties for non payment of tax
Percybridge
Posts: 77 Forumite
in Cutting tax
Can anyone tell me what the interest and penalties are for non payment of tax on 31 Jan.
A friend of mine owed tax on 31 January and thought she had asked for it to be collected via PAYE and had not.
The tax is now late.
The TR has gone in but the tax has not been paid.
What are the interest and penalties?
A friend of mine owed tax on 31 January and thought she had asked for it to be collected via PAYE and had not.
The tax is now late.
The TR has gone in but the tax has not been paid.
What are the interest and penalties?
0
Comments
-
3% daily interest from the 31st Jan to the date of payment. But a 5% Surcharge on amounts outstanding at 28th Feb ...... which is the big one (but does not apply to Payments on Account).
No penalties, as suchIf you want to test the depth of the water .........don't use both feet !0
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