Failure to deduct tax attracts simple interest from the deduction date until payment and makes tax plus interest a charge. Amendment replaces the wilfulness standard with a without good and sufficient reasons test for failure to deduct or pay tax, adds a requirement to pay ... Summary
Failure to deduct tax attracts simple interest from the deduction date until payment and makes tax plus interest a charge.
Amendment replaces the wilfulness standard with a without good and sufficient reasons test for failure to deduct or pay tax, adds a requirement to pay simple interest from the date tax was deductible until payment, and makes the tax together with that interest a statutory charge.
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