IRRV Alert - week ending 20th August 2021
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Interest harmonisation and penalties for late submission and late payment of tax (20 August 2021)
Policy paper
Interest harmonisation and penalties for late submission and late payment of tax
This tax information and impact note is about reform of tax penalties and HMRC interest harmonisation.
- From:
- HM Revenue & Customs
- Published
- 3 March 2021
- Last updated
- 20 August 2021 — See all updates
Documents
Interest harmonisation and penalties for late payment and late submission
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This measure introduces reforms to the penalty regime for late submission of tax information, late payment of tax and HMRC interest harmonisation, to provide a consistent and simpler system across VAT and Income Tax Self-Assessment.
You can read:
- a technical notes on penalties for late submission
- a technical notes on penalties for late payment and interest harmonisation
- research on exploring communication needs of customers for the implementation of changes to Late Payment and Late Submission Penalties
Published 3 March 2021
Last updated 20 August 2021 + show all updates