HMRC’s Tax Fine Shake-Up: Penalty Points Loom as Making Tax Digital Hits Landlords
HMRC will replace instant late-filing fines with a penalty-points system for Making Tax Digital taxpayers from April 6. Landlords and sole traders earning over £50,000 must comply first, but a survey shows most landlords feel unprepared. A £200 penalty will apply only after repeated missed deadlines. Industry groups are urging the government to soften penalties during the transition.