Shortfall penalties
These items clarify some specific issues about shortfall penalties.
Do the statutory time bar provisions apply to shortfall penalties?
This item clarifies that the Commissioner is not time barred from issuing an assessment for a shortfall penalty or from amending assessments of shortfall penalties, as long as there is a "tax shortfall" by the statute bar date.
Shortfall penalties in respect of agreed adjustments (September 2001)
Clarification about when shortfall penalties should be determined and included on the agreed adjustment form.
Date published: 31 Jan 2006
Back to top
