HMRC’s new powers to tackle electronic sales suppression
The HMRC has issued advice about the new powers and penalties under the Finance Act 2022 to tackle electronic sales...
READ MOREFollowing a review, HMRC has decided to continue the risk-based approach to PAYE late filing and late payment penalties for employers throughout the 2019/20 tax year with penalties due to go out from September.
This means that late filing and late payment penalties will be considered on a risk-assessed basis rather than being issued automatically. HMRC has confirmed that penalties for 2019/20 will be issued from September 2019.
Read more at the Accountancy Daily.