![calculator saying 'penalties' stack of cash and a gavel](/sites/default/files/styles/responsive_4_3_600w/public/2024-01/financ1.png?h=0bbb1986&itok=iLoP3oxy)
Finance bill briefing: Clause 36 - Commencement of rules imposing penalties for failure to make returns etc
Clause 36 is a regulation-making power which allows for the new penalty regime on late filing and late payment to be brought into effect for income tax from 6 April 2024, with adaptations for those volunteering for the Making Tax Digital (MTD) for Income Tax Self Assessment (ITSA) pilot....