Coventry accountants urge early action to avoid new harsh tax penalties
Coventry chartered certified accountants, Askews, are urging taxpayers to prepare the relevant information for their tax returns in order to save them from encountering HM Revenue & Custom’s new tax penalty system.The HMRC has introduced its toughest tax penalties to date, and with around 800,000 people missing the final deadline for tax returns every year, the threat these new charges pose are distinctly high. Approximately nine million people need to produce a tax return each year; therefore it is not a matter to be taken lightly. The new system calculates interest and statutory