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HMRC internal manual

Compliance Handbook

From
HM Revenue & Customs
Updated
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Publishing details of deliberate tax defaulters: publication: when does a qualifying relevant penalty become final - example 2 - contract settlement

Example

A compliance check into the corporation tax affairs of JKD Tailoring Ltd results in three qualifying relevant penalties. The directors decide to enter into a contract settlement to cover the additional tax and interest due and the penalties. They make a satisfactory offer in June 2014 and we issue the letter of acceptance on 8 July 2014. The qualifying relevant penalties become final on 8 July 2014.