MTD - The New Penalty Regime Explained in 30 Minutes

Introduction

Making Tax Digital (MTD) for income tax brings with it not just new record keeping and reporting requirements, but also a brand-new penalty regime for late filing and late payment.

This short, focused webinar will explore how the new penalty rules work and the practical ways to help your clients avoid a penalty.

An understanding of the MTD requirements will be assumed.

What You Will Learn

This webinar will cover the following:

• How the new points based late filing penalties work under MTD
• When and how late payment penalties can arise
• What the soft landing does (and does not) cover
• Practical tips and potential pitfalls for clients