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

Posted 28 July 2014 under Tax Questions



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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?

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TaxTimTaxTim 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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