HMRC Introduces New £200 Penalties for Late Tax Returns Saturday, February 21, 2026 hmrc penalties tax makingtaxdigital incometax latesubmission selfassessment taxreturns taxfiling taxcompliance HMRC is implementing a new point-based penalty system for late submission and payment of income tax, coinciding with the rollout of Making Tax Digital (MTD) for income tax. Under the updated system, taxpayers who file their … Read More