The Business & Accountancy Daily team gives a rundown on key changes from hike in tax penalties for late payment to stifling tax avoidance promotors, plans for strict rules to clamp down on tax advisers turning a blind eye to avoidance, and MTD extension
Spring Statement: late payment penalties rise to 10%
Spring Statement: crackdown on tax advisers with £3k daily fines
Spring Statement: HMRC to stifle tax avoidance promoters
Spring Statement: funding for HMRC to tackle tax evaders
Spring Statement: throwing money at HMRC will not solve tax gap
Spring Statement: high income child benefit via PAYE from August
Spring Statement: Treasury to review ISA savings accounts
Spring Statement: £20k threshold for MTD from 2028
Spring Statement: MTD extension ‘costly and confusing’
Spring Statement: R&D tax advanced clearance system overhaul