HMRC have issued a Video Explaning Penalties for Inaccuracies

Follow the links below to view a video and transcript of an HM Revenue & Customs (HMRC) presentation on ‘Penalties for inaccuracies in documents and returns’. The video runs for 20 minutes and covers:
•    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.

HMRC's YouTube video contains a very basic summary of Schedule 24 FA 2007 Penalties for errors. If your computer does not have a sound card or you have no headphones you can read a transcipt of the video.
An interesting point to note about the error penalty regime not mentioned in the video is that although any penalty for carelessness may be suspended – HMRC had in previous Learning Together events indicated that it would not allow suspension for one-offs. There seems to be no legislative basis for this.

If you need more help with HMRC Legislation or any other Payroll Services you may need help with, get in touch with me on Twitter or visit my website www.citylightspps.com.

Citylights Professional Payroll Solutions Ltd
Scott Muller
Managing Director
Tel   0844 576 33 08
Fax   0844 556 12 72
Email: scott@citylightspps.com