Why "Phase 2"?
Phase 1 of the Scheme, announced on 4 September 2009 attracted a large number of taxpayers who benefited from significant reductions in additional tax and interest. Phase 2 targets:
- taxpayers (individuals or companies) who wished to benefit from the Scheme but could not submit their outstanding tax returns or pay their tax in time, and
- employers who have not yet remitted all of their employees’ income tax and social security contributions.