The Government in a recent press release confirmed its approval of the drafting of a General Scheme for Copyright and Related Rights (Miscellaneous Provisions) Bill 2016.
A taxpayer’s behaviour is an important factor in determining the level of a penalty charge by HMRC in respect of a tax return error (under FA 2007, Sch 24, para 1). It is important to bear in mind that no penalty can be charged if the error has arisen despite reasonable care having been taken. However, HMRC will often explore the possibility that the error was ‘careless’ or ‘deliberate’, with a view to seeking a penalty.