HMRC Replaces Fines with Points-Based Penalty System for UK Taxpayers Thursday, January 22, 2026 hmrc makingtaxdigital selfassessment fines penaltypoints taxreturns taxation digitaltax uktax taxpayers HM Revenue and Customs (HMRC) is overhauling its approach to late self-assessment tax returns, replacing automatic fines with a new penalty points system. This change is set to begin this month with a trial involving 100 … Read More
HMRC Warns 200,000 Sole Traders and Property Owners of £3,000 Fine for Non-Compliance with New Digital Tax Rules Thursday, November 6, 2025 hmrc makingtaxdigital taxreturns soletraders propertyowners digitaltax compliance penalties incometax nationalinsurance HM Revenue & Customs (HMRC) is sending letters to more than 200,000 sole traders and property owners, alerting them to the mandatory shift to the Making Tax Digital (MTD) system starting April 2026. Those receiving … Read More