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HMRC Penalties For Errors - 01/08/08

HMRC have issued revised guidance on the system of penalties which they will be able to apply to taxpayers.

The revised penalties were introduced as part of legislation enacted in the Finance Act 2007. The penalties generally affect returns which cover the period from April 2008 and are due to be submitted from 1 April 2009

Internet Link: HMRC leaflet

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