Penalties: points, review or suspension?
Posted by mostafa on 28 March, 2017
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This item was filled under Tax
HMRC has published a consultation on penalties for late submission and payment under Making Tax Digital (MTD). It outlines three options for a new penalty for non-deliberate failures to meet regular submission obligations. According to HMRC, the aim is for these to operate for all taxes with regular filing obligations, although it may be necessary to include special rules to ensure they work for …