Guernsey Treasury proposes fines for late tax returns

Guernsey's Treasury and Resources Department has proposed an automatic fine for the late submission of tax returns in future.

While the island's tax office already has the power to impose a penalty, it is a lengthy process.

The new fines would be automatic, and would involve a maximum penalty of £300 with additional daily charges of £50.

Currently, tax returns for the previous financial year must be submitted by the first week of July.

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