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Update to HMRC Penalty Regime

by | Jan 29, 2026 | business taxation, HMRC, penalties, property taxation

With Making Tax Digital for Income Tax coming in from this April, we’ve taken the opportunity to review HMRCs penalty regimes and update our guidance:

Penalties From HMRC

For the most part penalties can be mitigated by:

  • Keeping accurate records
  • Making sure your returns are submitted on time
  • Making sure tax is paid on time

But, of course, in the real world it doesn’t always work out that way.