Ee or contractor is to do and the manner in which the

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ee or contractor is to do and the manner in which the work is performed. ntegrated into the business. s, haviour of the parties prior to and after entering the contract; who is legally her there is a deadline for completing the work; whether the worker can be les agents), they are responsible for paying their own ACC levies; ce, these are their responsibilities; ne; ptions to this; parties and their actions, rather than only at the written contract (if one exists) pm)
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Question 5 Tax compliance penalties 5.1 The penalty for an employer who fails to file an EMS by the due date is $250, the penalty is payable when has already been given a warning in the last 12 months that the late filing penalty will be imposed on a subse the first time (in 12 months period) that an EMS is filed late, provided the EMS is filed immediately. 5.2 where a taxpayer takes an “unacceptable tax position” the penalty is 20% of the resulting tax shortfall, al unacceptable tax position merely by making mistake in a calculation or processing error in a return or in reco return. 5.3 Shortfall penalty for gross carelessness, where a taxpayer is grossly careless, they will be liable for a shortf resulting tax shortfall. The purpose of the gross carelessness shortfall penalty is to cater for breaches that fal beyond a lack of reasonable care. 5.4. Shortfall penalty for abusive tax position, where taxpayer applies “unacceptable interpretation” to tax la It is 100% of tax shortfall penalty. 5.5 Reduction in penalty for voluntary disclosure of tax. Shortfall Penalties may be reduced if the taxpayer m commissioner of all the details of the tax shortfall either: 1. before the taxpayer is first notified for a pending tax audit or investigation (pre-notification disclosure) o 2. after the taxpayer is notified of a pending tax audit or investigation but before the commissioner starts notification disclosure).
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n an EMS is filed late and the employer equent late filing. No penalty is imposed lso a taxpayer does not take an ording of numbers for use in preparing a tfall penalty payable of 40% of the ll just short of the evasion category but go aw, with the main purpose of avoiding tax. makes a full voluntary disclosure to the or s the audit or investigation (post-
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  • Fall '19
  • Test, Taxation in the United States, Taxation in the United Kingdom

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