§ Mr. LetwinTo ask the Chancellor of the Exchequer what targets he has set for securing additional tax 1423W revenue from investigations under (a) the IR35 regulation and (b) section 660A of the Income and Corporation Taxes Act 1988 regulation. [R] [149806]
§ Dawn PrimaroloThe Chancellor has not set any targets for securing additional tax revenue from investigations under the intermediaries legislation or Section 660A Income and Corporation Taxes Act 1988.
§ Mr. LetwinTo ask the Chancellor of the Exchequer what procedures are in place to monitor the progress of investigations under(a) the IR35 regulation and (b) section 660A of the Income and Corporation Taxes Act 1988 regulation. [R] [149807]
§ Dawn PrimaroloThe Inland Revenue has procedures in place to monitor all enquiry work including the intermediaries legislation and S660A Income and Corporation Taxes Act 1988. These procedures include regular reviews by the case officers and their line managers plus reviews by more senior officers in certain cases.
§ Mr. LetwinTo ask the Chancellor of the Exchequer (1) what penalties exist for late payment of tax; and how many times in each of the last five years these penalties have been used; [R] [149808]
(2) how many fines have been imposed for late payment of taxes in each of the last five years; and if he will make a statement. [R] [149811]
§ Dawn PrimaroloWhilst tax paid late might attract interest or surcharge, the tax legislation does not impose penalties or fines for late payment of tax.