In the news: October 2025

‘Points accumulate until a threshold is reached, at which point a £200 penalty will be issued. Once the threshold has been reached, any further late submissions will result in an immediate £200 penalty. This position can only be reset once certain conditions are met.’

ATT in the Daily Express on new penalty rules for MTD, 8 August

‘Taxpayers have to be able to trust that the private information they provide to HMRC will not be leaked, supplied to criminals or used for any purpose other than that for which it was provided, and in accordance with the law. That is why HMRC treats unauthorised access to records and data so seriously, and it is good to see that where breaches happen, HMRC will act.’

CIOT’s Ellen Milner in the Telegraph and The Sun on HMRC staff being dismissed for data breaches, 16 August

‘Helen Thornley, the technical officer for the ATT, the leading body for UK tax compliance services, said moves to change certain taxes [in the Budget] could lead to “unintended consequences”, while Ellen Milner, the CIOT’s director of public policy said “interference with the overall system through the creation of new levies and adjustments on rules had made taxes more difficult to understand”.’

City A.M., 19 August

‘Some taxpayers affected by the rate change on 30 October 2024 will not realise the change of rates when using HMRC’s online filing service and will fail to include the CGT adjustment figure when filing their returns. This could result in HMRC questioning the tax return, and may lead to additional tax being payable, along with late payment interest and a penalty of up to 30% of any underpaid CGT.’

ATT’s David Wright, Financial Times (and elsewhere), 29 August, on a software issue affecting CGT submissions

‘Legally and ultimately, it’s the taxpayer – so in this case the purchaser’s – responsibility to make sure they are getting the right advice. I think this case really does highlight the importance of seeking advice from a tax specialist.’

ATT’s Emma Rawson on BBC Radio 4’s Today programme on Angela Rayner’s tax situation, 5 September (Emma was also interviewed on 5 Live on this issue)