300 fine for late tax returns

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300 fine for late tax returns

Post by GD on Fri 30 Sep 2011, 9:28 am


A CLAMPDOWN on people who fill their tax returns late has been passed by the States.

This morning members approved a series of changes to the income tax law, which included a penalty of up to 300 for a tax return missing the relevant deadline.

Warning letters would be sent out 30 days in advance to give people a chance to comply.

The changes also included tightening up the tax rules for visiting performers, so that even if an agent is used, those booking the act are still required to pay 20% income tax if the fee is above 2,000. (from GEP)


......THE BOSS......

"Always be yourself because the people who mind don't matter, and the people who matter don't mind"

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