Reduction in penalties and interest
The Reduction in Penalties and Interest Scheme is being extended for one last time.
This scheme applies to Individuals, Companies and Employers who are not up-to-date on their tax documents and payments.
To benefit from a reduction of up to 85% of penalties and interest:
- Submit pending tax returns by not later than Friday 30 September 2011;
- Request an updated agreement by not later than Monday 31 October 2011;
- Make any payments due and submit the signed agreement by not later than Wednesday 30 November 2011.