HMRC’s new take on penalties
HMRC has confirmed its new approach to appeals made against tax return late filing penalties. How will this affect you if you miss a deadline? Appeal. The law allows you to appeal against a fine for sending in a self-assessment tax return late. But it will only be successful, and the penalty cancelled, if you have a “reasonable excuse”. Reasonable excuse. This phrase is not defined in legislation, but in practice HMRC takes a tough line and only accepts an appeal without chal
