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HMRC suspends daily penalties

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HMRC has issued correspondence that sets out its policy decision not to charge individuals and businesses daily penalties for late filing of 2018/19 tax returns. This is in recognition of the exceptionally difficult circumstances many taxpayers are in as a result of the coronavirus pandemic.

The mandatory six-month and 12-month penalties will continue to apply for 2018/19 returns as normal. HMRC will accept coronavirus as a reasonable excuse for missing return deadlines.

Issue: 1505
Categories: News