At the beginning of the year, HMRC implemented a new penalties system for late VAT submissions and payments. The new points-based penalty system is arguably more lenient and better targets repeat ...

Twitter HMRC warns taxpayers as 'penalties and points' show up on their accounts The issue relates to a number of VAT returns submitted on 7 December 2024, the government tax department has said.

HM Revenue and Customs (HMRC) has charged 600,000 late penalties to low earners despite them owing no tax. The tax office applies an automatic £100 fine if someone misses the tax return deadline of ...

Tax expert Dan Neidle wrote: "Quick update on the HMRC IT snaff which meant that last week they issued penalties to people who'd actually submitted their VAT returns on time.

Avoid hefty fines for VAT errors. Learn about the increase in serious penalties issued by HMRC for deliberate VAT errors.

First-tier Tribunal ruled in favour of Leonard Toye, overturning HMRC's VAT penalty for deliberate inaccuracy ...

The issue relates to a number of VAT returns submitted on 7 December 2024, the government tax department has said.

HMRC has finally addressed an IT glitch that incorrectly imposed penalties on some customers' VAT accounts. The issue stems from a number of VAT returns submitted on 7 December 2024, according to ...

The issue relates to a number of VAT returns submitted on 7 December 2024, the government tax department has said.