.png)
.png)
Fines
In each of the years ending March 2004 and 2005, HMRC received £99 million from penalties for late payment of VAT. For the years ending October 2003 and 2004, HMRC received £406.49 million and £400.77 million respectively from interest paid for late payment of direct taxes. In the same two years, HMRC received £66.8 million and £62.49 million from penalties for late payment of direct taxes.
Hansard, 19 October 2005, vol 437, no 49, col 1108w
Fines
In each of the years ending March 2004 and 2005, HMRC received £99 million from penalties for late payment of VAT. For the years ending October 2003 and 2004, HMRC received £406.49 million and £400.77 million respectively from interest paid for late payment of direct taxes. In the same two years, HMRC received £66.8 million and £62.49 million from penalties for late payment of direct taxes.
Hansard, 19 October 2005, vol 437, no 49, col 1108w
