[Mbapeua]

5. Esther, a higher-rate taxpayer, submitted her tax return for the tax year 2023-24 on 1 December 2024. She had deliberately omitted to include rental income of £18,000 because she did not want to disclose this source of income to HM Revenue and Customs (HMRC).

In response to HMRC’s enquiries into her return Esther made full disclosure of the rental income.

What is the minimum amount of penalty that HMRC could charge Esther for her misdeclaration?

A.£1,440
B.£2,520
C.£5,040
D.£3,600
The correct answer is B.

35% × (£18,000 × 40%) = £2,520

Hi anyone to explain rule applied to get 35%?

[Mbapeua]

Good day

Question on corporate governance

In the past I’ve adopted the King IV definition to corporate governance, of ethical and effective leadership.

But now I’m attempting the exams in the UK. Does it still suffice?

[Author]

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