04 July 2001
There are two different penalty régimes affecting end-of-year pay-as-you-earn returns. Under section 98A, Taxes Management Act 1970, there is an automatic penalty of £100 for each month that the information is outstanding, with a further £100 a month for every 50 employees. By contrast, under section 98 the penalty is not automatic, but has to be imposed, is subject to appeal, etc.
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