ECH17025 - Directors: Penalty Position

A director, like any other individual taxpayer, may incur penalties under

• S7 TMA 1970 for failure to notify liability to tax, if he has not been sent a return
• S93 TMA 1970 for failure to submit an issued return by the filing date
• S95 TMA 1970 for fraudulently or negligently submitting an incorrect return.

See EM4500 onward.