Tax Penalties Checklist Update 2024

We have updated our checklist of current tax penalties.

Several new penalties have been introduced through legislative changes over recent years. CIOT members have provided feedback that they would find it useful to have a summary of these changes which they can use as a checklist to ensure they have considered the implications in relation to both their clients and their own practice. The checklist has been prepared on this basis and to assist members in meeting the professional standards required from them.