What You Need to Know About Penalties for Inaccuracy in Returns and Documents: A Comprehensive Guide
Filing taxes can be a stressful and confusing process, and the last thing anyone wants is to receive an error penalty from HMRC. Penalties can range from a few hundred pounds to thousands and can be a significant source of stress and financial burden for taxpayers. In this guide, we’ll provide an overview of error […]
Updates in HMRC Guidance MTD ITSA
HMRC updated MTD for ITSA (Income Tax Self-Assessment) Guidance on 26 August 2022. Yet, a lot of work is still in progress. The HMRC has to leave software firms and vendors unanswered. HMRC has amended four key points for MTD for Income tax. The latest Guidance Update on MTD for Income Tax is as follows: […]