Failure to file LPT - 10% Income Tax Surcharge?

WizardDr

Registered User
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I understand that somebody who failed to file LPT in 2013 have been fined 10% on their Income Tax.

Is this correct?
 
I understand that a taxpayer will be surcharged on their 2013 tax return if they failed to register in 2012.

The surcharge will be reduced to the amount of the LPT if they rectify the position.
 
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