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Labour introduces harsher penalties for late taxpayers - M J Bushell

Summary by M J Bushell
The Chancellor’s Spring Statement introduced harsher penalties for late taxpayers under Making Tax Digital for Income Tax Self Assessment (MTD for ITSA). With the Government confirming an extension to sole traders and landlords earning more than £20,000 from April 2028, a lot more taxpayers – an estimated 900,000 – will need to pay tax via MTD for ITSA. Under the current rules, you will not receive a penalty if you pay your tax within the first …
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M J Bushell broke the news in on Monday, April 14, 2025.
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