Default if you dare
Article Abstract:
The 1989 Budget increases penalties on delay or incorrectly prepared tax returns. Delay fines are increased six-fold from 50 pounds sterling to 300 pounds sterling per day for the initial offense. Additional proposals are underway to replace the maximum penalty for incorrect special returns from the current Section 98 rule of 250 pounds sterling to 3,000 pounds sterling, regardless if the action was a result of fraud or not. Other proposals under consideration include extension of default interest, and curtailment of the Crown's information and search powers on accountants' working papers.
Publication Name: The Accountant's Magazine
Subject: Business
ISSN: 0001-4761
Year: 1989
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The Institute of Chartered Accountants of Scotland: Report of the Council 1989
Article Abstract:
The Institute of Chartered Accountants of Scotland's (ICAS) 1989 Report of the Council is presented. The Report contains relevant information pertaining to the ICAS, including committees, members services, education, and general Institute affairs. In addition, accounts are presented for the year ended Dec 31, 1989.
Publication Name: The Accountant's Magazine
Subject: Business
ISSN: 0001-4761
Year: 1990
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