Late tax return fines may be waived to help small firms and freelancers
HMRC to waive fines for late tax returns A proper extension by HMRC for self-assessment returns would help ease burden on taxpayers struggling to stay afloat in latest lockdown 9 January 2021 • 8:28am The Government is weighing calls to waive fines for late tax returns for struggling businesses and freelancers but has ruled out an official extension to the January 31 filing deadline. Campaigners argue that a third national lockdown had “changed the playing field” and piled further pressure on freelancers and small firms trying to stay afloat. They have called for more help and are in...
Source: telegraph.co.uk