Sir Amyas MorseвЂ™s review instances that are highlighted the accrued interest had been higher than the taxation due.
Sir Amyas MorseвЂ™s review instances that are highlighted the accrued interest ended up being higher than the taxation due. The amounts charged appear disproportionate while interest is not punitive and is only designed as recompense for the time when tax has not been paid, these cases are exceptional and the length of time over which interest accrued could mean that, especially when compared to much lower current rates of interest. Taking into consideration the effect on interest liabilities whenever enquiries stay available for a period that is significant interest levels are specially high, this Review concludes that the federal government need:
Any modifications is likely to be established at the next event that is fiscal.
Overview of conclusions and guidelines .