Changes to VAT penalties and interest from 01 January 2023
HMRC waives self assessment penalties for one month to ease COVID-19 pressures HMRC is waiving late filing and late payment penalties for self assessment taxpayers for one month.The measure will give those taxpayers affected by the coronavirus (COVID-19) extra time, if they need it, to complete their 2020/21 tax return and pay any tax due.HMRC…