Points-based model to be introduced in stages for documents submitted late
Posted by mostafa on 12 December, 2017
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This item was filled under Tax
HMRC has confirmed it will adopt the points-based model in phases in its response to the consultation on late submission of returns. It is expected that the model will be implemented first for VAT, starting in 2020 with other taxes following in stages. This will give taxpayers a year to become familiar with their new obligations after they become subject to Making Tax Digital …