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HMRC have published a leaflet on the new HMRC penalties warning tax payers to make sure that their records are sufficient to comply with the new penalty regime. The new legislation covers returns and other documents issued for periods commencing from 1 April 2008 which are due for submission from 1 April 2009.

If you have any concerns about the penalties or the records you should be maintaining please do get in touch.

Internet link: Penalties leaflet

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