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How will HMRC changing its system of fines affect you?

Following the Autumn Budget, it is increasingly clear that the Government is toughening its approach to tax compliance. This is a break with tradition, as penalties have remained unchanged for years, meaning that inflation has caused the impact to soften with time. As such, we are facing an update to penalties aimed at tackling late filing, late payment and repeated non-compliance, all of which will soon result in larger fines. Corporation Tax p…
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wem.biz broke the news in on Monday, January 5, 2026.
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