Compensation versus revenue commissioners fines

[Springsteen]

Hi All,

So the banks are offering 10-15% in compensation for holding customers money in error (criminally I say).

If I did not pay a similar figure to revenue for tax owed, what would the fine be in percentage terms? I don’t know the figure but I suspect it’s a lot higher than 10-15%.

I’m really sick of the banks in this country. Their behavior was a disgrace.

I’d be interested in anyone’s thoughts on this.

S

 

[peemac]

If you purposely withheld it and they could prove that it would be up to 100% penalty.

If it was a genuine error they can be very lenient up to applying no penalty.

 

[Springsteen]

Thank you Peemac.