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HMRC 'should be lenient on' company insolvency advice customers

Date Added: 13/10/2010  

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Company insolvency advice customers that meet payment deadlines for HM Revenue and Customs (HMRC) slightly late should be treated with leniency.

This is according to the Federation of Small Businesses (FSB), which suggested that a more reasonable approach is taken by the organisation.

Stephen Alambritis, chief spokesman for the FSB, stated that "proportionate" penalties should be imposed on those company insolvency advice customers who fail to make payments by the required date.

"I think HMRC needs to be reminded that a £100 fine is quite a lot. We would urge them to accept tax returns that land on November 1st 2010," he said.

Mr Alambritis added that paper tax returns could be set to become a thing of the past due to the rise of the internet, but said HMRC should still allow company insolvency advice customers to use physical forms if they wish to.

He was commenting after HMRC warned that October 31st is the deadline for filing paper self assessment tax returns. 

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