Adam Bernstein explains the ins and outs of HMRC penalties – and how to respond to them
axes are a necessity. No one likes paying them. But it’s for this reason that HMRC has penalties in place for those who, for whatever reason, do not comply with their obligations. And to some, penalties are handed out like sweets. HMRC issued 1.04 million late filing penalties for returns due for the 2014/15 tax year. There were another 1 million late filing penalties issued for tax returns due for the 2015/16 tax year. Even worse, it appears that in January (2019), an HMRC technical glitch led to some taxpayers receiving inaccurate payment reminders that led to the wrong amounts of tax being paid and a fine as a result.
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