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Will you be fined if you've never paid tax but start paying.

Posted 28 July 2014 under Tax Q&A


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If somebody has a small business and has not previously paid tax, if they now register for tax will they be fined or charged previous years?

This entry was posted in Tax Q&A and tagged , , . Bookmark the permalink.

TaxTim TaxTim says:
28 July 2014 at 17:22

You may be penalised for not submitting your returns and charged interest for the taxes that were supposed to be due.


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Blog Categories


Small
Business
Tax Returns
Made Easy


TaxTim will help you:

 Do Your ITR14 Tax Return without a Tax Expert
 Claim for all the Deductions your Business Qualifies for
 Turn your Accounting Records into a Tax Return

TaxTim asks you simple questions about your business, then processes your answers and completes your ITR14 business tax return instantly.

Get started