CONTACT US FOR A CHAT

Daniel English

Mobile: 07793 243804
Email: daniel@contadoraccountancy.co.uk

Louise Rogers

Mobile: 07540 261699
Email: louise@contadoraccountancy.co.uk

John Matthews

Mobile: 07730 490440
Email: john@contadoraccountancy.co.uk

Contador (associated with Louise Rogers Accountancy)

N2 04,

Columba House,

Adastral Park,

Martlesham Heath,

Ipswich,

Suffolk,

IP5 3RE

Making tax digital and fines!

April 19, 2019

 

HMRC are indicating that there will be a light touch to fines in the first year of the MTD introduction - but what does that mean?

 

We understand that this light touch only applies to record-keeping penalties and only where businesses have made a genuine effort to comply with the MTD requirements.  For businesses that have not attempted to address the changes there could be a shocking fine in store.

 

There is no equivalent light touch for late payment or filing penalties.

 

It is very clear that HMRC want VAT to continue to be paid on time under MTD and that any businesses which do not pay their VAT, or pay late, remain exposed to penalties in the normal way.

 

Take away this concern by getting us to look after it all for you.

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