How to navigate the new income tax penalty regime

Are you up to speed with the new penalty regimes coming to income tax?

The introduction of Making Tax Digital (MTD) brings with it a new penalty regime for late filing and late payment. But that’s not all – at the Budget it was announced that these new penalties will apply to all self-assessment taxpayers (whether in MTD or not) from April 2027. Now is therefore the time to get your head round the rules.

In this practically focused session we’ll use examples to show how the new rules will work in practice, and provide you with some top tips to help your clients avoid a penalty.