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Late Tax Payment Penalties (Expense Type)

Any fines or penalties charged by HMRC for late payment of tax bills must be recorded in your Crunch account.

These are not tax-deductible expenses, but should still be recorded as an expense for bookkeeping purposes.


You should record this in Crunch under the expense category ‘Penalties > Late Tax Payment Penalties’:

 

Last Updated: 16 Dec 2019 10:57AM GMT

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