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PENALTIES-FOR-LATE-PAYMENT-OF-CT


Helen Adams and Carrie Rutland (BDO) provide a practical guide.

The draft Finance Bill 2019 contains provisions for a complete overhaul of the penalties systems. If implemented, it will, from a date yet to be announced, introduce penalties for the late payment of corporation tax. In addition, there would be a single penalty system for all the main taxes (income tax, capital gains tax, VAT and corporation tax).

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