Tax penalties: direct tax: failure penalties
NOTE: On 16 July 2015, the government published four consultation papers setting out proposals to tackle offshore tax evasion (see Legal update, Offshore tax evasion: HMRC publishes four consultations). We will update this practice note shortly.
This is one of a series of notes on tax penalties. It deals with the direct tax penalty regime for failures, including penalties for failing to pay tax on time or to file a return by the filing date. For an introduction to tax penalties generally, see Practice note, Tax penalties: overview.