Supporting Guidance: employer compliance: guidance by subject: directors: penalty position
A director, like any other individual taxpayer, may incur penalties under:
- S7 TMA 1970 for failure to notify liability to tax, if he has not been sent a return
- S93 TMA 1970 for failure to submit an issued return by the filing date
- S95 TMA 1970 for fraudulently or negligently submitting an incorrect return.
- Schedule 24 FA 2007 for submitting inaccurate returns.
See EM4500 onward and the Compliance Handbook.