Self-assessment: Fines
Commons · Question 77619 · Tabled 16 Sep 2025 · Treasury · Official record
Answered 14 Oct 2025
Question
Asked by James Wild
To ask the Chancellor of the Exchequer, if she will make an assessment of the potential merits of (a) abolishing and (b) capping the penalty for a single missed tax return for people earning less than £50,000.
Answer
Answered by Dan Tomlinson, 14 Oct 2025
The tax system contains obligations, set out in law, to ensure that HMRC can collect the correct tax to fund vital public services. HMRC is bound by law to apply penalties where customers do not meet these obligations. Penalties also help to reassure cust...