Interest will be charged on any tax due, as shown on the return, from April 15.
Many wealthy people pay their due taxes and vote Labour.
Instead, the state treasurer is responsible for the payment of the taxes due.
People would also have longer to pay due taxes, she said.
The difference is that the Government sees those as two transactions, with no tax due until you close them out.
The fact that he paid 12d, the maximum amount of tax due, indicated his wealth and standing in the community.
It must be returned with full payment of any tax due.
Twelve months late: £300 or up to 100% of the tax due.
Then he received a separate bill, for $14.99, for interest and penalties on the tax due.
At the current 8 percent interest rate, it would take nearly 14 years for the client to pay his past due taxes.