Inland revenue penalties

Enquiries and Penalties

The Inland Revenue may charge you a penalty if you fail to produce the correct information at the time it is required.

Enquiries

Penalties, interest and surcharges

If you have applied to reduce your payments on account, but the total tax turns out to be more than the original estimate, interest is charged on what should have been paid as payments on account.

Help with paying taxes

If you require help, there are several sources.

Further Information:

The Inland Revenue’s web site is very comprehensive.
www.inlandrevenue.gov.uk

The Institutes of Chartered Accountants and the Association of Chartered Certified Accountants have web sites which can help you find an accountant.

www.chartered-accountants.co.uk
www.acca.org.uk