Jack submitted his 2 0 2 1 2 2 tax return on 1 December 2 0 2 2 He deliberately omitted to include a new source of income rental income of 1 5 , 0 0 0 as he did not think that HMRC would find out about the income Jack is a higher rate taxpayer HMRC inquires into Jack 's return and in reply Jack mak...

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Jack submitted his 2 0 2 1 / 2 2 tax return on 1 December 2 0

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Question:

Jack submitted his

2021 / 22

tax return on

1

December

2022 .

He deliberately omitted to include a new source of income

-

rental income

-

15, 000

as he did not think that HMRC would find out about the income.

Jack is a higher rate taxpayer. HMRC inquires into Jack\'s return and in reply Jack makes a disclosure of the rental income.

Which one of the following is the minimum penalty that could be charged by HMRC on Jack for his error?

Posted Date: May 11, 2024 02:49 AM

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Jack submitted his 2 0 2 1 / 2 2 tax return on 1 December 2 0

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