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
HMRC Introduces Points-Based Penalty System, Scraps Immediate £200 Fines for UK Taxpayers Friday, February 20, 2026 hmrc tax penalties makingtaxdigital incometax selfassessment pointssystem fines compliance uk HM Revenue and Customs (HMRC) has revamped its penalty system under the Making Tax Digital for Income Tax initiative, moving away from immediate £200 fines for missed deadlines. Instead, the new approach uses a points-based … Read More
HMRC Begins Issuing £100 Penalty Fines for Late UK Tax Returns Sunday, February 1, 2026 hmrc taxreturns fines deadline paymentplans customerservice taxscams makingtaxdigital penalties uktaxes Starting Sunday, HM Revenue and Customs (HMRC) will begin issuing £100 fines to UK households that have missed the January 31 deadline for submitting their tax returns. The tax authority has repeatedly urged taxpayers and … Read More
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