Important updates to Making Tax Digital and late payment rates you might have missed in the Spring Statement
March 27, 2025
By Vale & West
This week’s Spring Statement brought two announcements that will matter to anyone running their own business or earning income from property.
Hidden charges alert as 2.3 million miss Self-Assessment deadline
To many taxpayers, it must seem like the ongoing effects of the pandemic are an endless nightmare of tax deadlines, after the endless nightmare of lockdowns.
Late filing penalties waived for one month to give taxpayers more time to prepare 2020/21 tax return
Late filing and late payment penalties will be waived for one month to give taxpayers more time to prepare their 2020 to 2021 Self Assessment tax return, it has been announced.