Subscribe to our newsletter

sign up

Taxpayers frustrated as HMRC toughens late self-assessment stance

HMRC has fined 14% more people year-on-year for late self-assessment tax filing, leaving well-intentioned taxpayers frustrated.

Shared by Accountancy Daily
July 08, 2019

share this article

“The pool of people at risk of being fined for late payment is now bigger than ever as self-employment continues to grow,” said Tim Woodgates, associate and tax specialist at Moore Stephens. “UK taxpayers are feeling the pinch. As a result, some do not have the money to pay the tax bill on time, even though they want to.”

Read more at Accountancy Age.

CMA directs Barclays to improve the way it treats small business

Call for radical overhaul of inheritance tax and lifetime gifting

related articles

Small businesses get boost for digital transition

Labour’s Rachel Reeves: It’s the wrong time to raise taxes ... but I’m going after buy-to-let landlords anyway

BT to introduce inflation-busting price rises

Crypto.com admits $34m stolen from user accounts in hack

UK’s business sectors edge out of plan B Covid ways – slowly

Small firms relieved at winding down of ‘Plan B’ and call for pro-business policies

must reads

latest poll

Which of the following new technologies do you think will have a significant impact on the future role of accountants?

View previous polls

recent comments

array(3) { [0]=> object(stdClass)#10836 (31) { ["id"]=> string(5) "22556" ["contentid"]=> string(5) "36863" ["component"]=> string(11) "com_content" ["ip"]=> string(14) "162.158.158.57" ["userid"]=> string(1) "0" ["modified_by"]=> string(1) "0" ["date"]=> string(22) "Saturday, 24 July 2021" ["modified"]=> string(19) "0000-00-00 00:00:00" ["name"]=> string(13) "PK. FFA FIPA" ["email"]=> string(0) "" ["website"]=> string(0) "" ["notify"]=> string(1) "0" ["title"]=> string(0) "" ["comment"]=> string(40) "Our CEO is absolutely correct in his..." ["published"]=> string(1) "1" ["deleted"]=> string(1) "0" ["spam"]=> string(1) "0" ["voting_yes"]=> string(1) "0" ["voting_no"]=> string(1) "0" ["parentid"]=> string(2) "-1" ["importtable"]=> string(0) "" ["importid"]=> string(1) "0" ["importparentid"]=> string(2) "-1" ["unsubscribe_hash"]=> string(32) "9815907e32a737065cc367203916afc5" ["moderate_hash"]=> string(32) "966f324acb03b84a75ca45f36c79072d" ["customfields"]=> string(0) "" ["user_realname"]=> NULL ["user_username"]=> NULL ["user"]=> string(13) "PK. FFA FIPA" ["link"]=> string(57) "/component/comment/?task=comment.gotocomment&id=22556" ["overlayComment"]=> string(109) "Our CEO is absolutely correct in his article ,lawyers,Doctors,etc are protected why not qualified accountants" } [1]=> object(stdClass)#10835 (31) { ["id"]=> string(5) "22555" ["contentid"]=> string(5) "38648" ["component"]=> string(11) "com_content" ["ip"]=> string(13) "141.101.98.30" ["userid"]=> string(1) "0" ["modified_by"]=> string(1) "0" ["date"]=> string(22) "Saturday, 24 July 2021" ["modified"]=> string(19) "0000-00-00 00:00:00" ["name"]=> string(9) "Anonymous" ["email"]=> string(0) "" ["website"]=> string(0) "" ["notify"]=> string(1) "0" ["title"]=> string(0) "" ["comment"]=> string(41) "My comments are on the basis that this..." ["published"]=> string(1) "1" ["deleted"]=> string(1) "0" ["spam"]=> string(1) "0" ["voting_yes"]=> string(1) "0" ["voting_no"]=> string(1) "0" ["parentid"]=> string(2) "-1" ["importtable"]=> string(0) "" ["importid"]=> string(1) "0" ["importparentid"]=> string(2) "-1" ["unsubscribe_hash"]=> string(32) "0ef6e121007104d21f54bd6ebbf943f7" ["moderate_hash"]=> string(32) "14ea9342c0bff6f7d2a5a147f8b8b66f" ["customfields"]=> string(0) "" ["user_realname"]=> NULL ["user_username"]=> NULL ["user"]=> string(9) "Anonymous" ["link"]=> string(57) "/component/comment/?task=comment.gotocomment&id=22555" ["overlayComment"]=> string(100) "My comments are on the basis that this money in a jam-jar approach solves nothing in the national..." } [2]=> object(stdClass)#10838 (31) { ["id"]=> string(5) "22554" ["contentid"]=> string(5) "38630" ["component"]=> string(11) "com_content" ["ip"]=> string(13) "141.101.69.85" ["userid"]=> string(1) "0" ["modified_by"]=> string(1) "0" ["date"]=> string(23) "Wednesday, 21 July 2021" ["modified"]=> string(19) "0000-00-00 00:00:00" ["name"]=> string(4) "SidJ" ["email"]=> string(0) "" ["website"]=> string(0) "" ["notify"]=> string(1) "0" ["title"]=> string(0) "" ["comment"]=> string(35) "Good article on MTDfITSA and how..." ["published"]=> string(1) "1" ["deleted"]=> string(1) "0" ["spam"]=> string(1) "0" ["voting_yes"]=> string(1) "0" ["voting_no"]=> string(1) "0" ["parentid"]=> string(2) "-1" ["importtable"]=> string(0) "" ["importid"]=> string(1) "0" ["importparentid"]=> string(2) "-1" ["unsubscribe_hash"]=> string(32) "f47eb68e6c6c3fd6ec128fd955ae76a4" ["moderate_hash"]=> string(32) "c45da0072d23f6bc97d7f17d2920872d" ["customfields"]=> string(0) "" ["user_realname"]=> NULL ["user_username"]=> NULL ["user"]=> string(4) "SidJ" ["link"]=> string(57) "/component/comment/?task=comment.gotocomment&id=22554" ["overlayComment"]=> string(63) "Good article on MTDfITSA and how practices shall need to adapt." } }