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Tag: non-compliance

Top Penalties for Non-Compliance with Tax Obligations in the UK

Introduction In the United Kingdom, meeting tax obligations is a critical responsibility for both individuals and businesses alike. The HM Revenue and Customs (HMRC) enforces strict regulations to ensure compliance. Should parties fail to adhere to these regulations, they face significant penalties. The complexity of tax laws can sometimes lead to unintentional non-compliance, however, ignorance…

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