There are usually consequences like imprisonment, or additional higher fines, for lying to the tax authorities. So faking your income on a tax return may be con

There are usually consequences like imprisonment, or additional higher fines, for lying to the tax authorities. So faking your income on a tax return may be considered high risk. It's perfectly possible to consider dividends income as the UK mostly does, and maybe include capital gains as well to arrive at an overall figure for the year after allowances and indexation. No system is perfect, but seems far less flawed than prescribed fines that sees a millionaire barely notice a £100 parking fine, but someone on minimum wage almost getting wiped out by the same. To me it;s crazy not to reference income, ability to pay or worth when assessing penalty.