TAX
5th January 1989, Page 26
5th January 1989
Page 26
Page 27
Page 26, 5th January 1989
— TAX
Close
Noticed an error?
If you've noticed an error in this article please click here to report it so we can fix it.
If you've noticed an error in this article please click here to report it so we can fix it.
VAT PUBUCATIONS III Leaflet 700/42/88 Serious Misdirection Penally explains the operation of the penalty that came into effect in November 1988.
It will be levied on VAT. registered traders who make significant under-declarations or over-claims of tax on their VAT returns.
Leaflet 700/43/88 Default Interest explains the interest charge to be introduced on the same date: this provision will apply to all traders who default on returns.
Copies are available from local VAT offices.