Making Tax Digital
What penalties might I face for Making Tax Digital non-compliance?
FAQs » Pre Sales FAQs » What penalties might I face for Making Tax Digital non-compliance?
From gov.uk
Taxpayers will receive a point every time they miss a submission deadline. HMRC will notify them of each point. At a certain threshold of points, a financial penalty of £200 will be charged and the taxpayer will be notified. The threshold is determined by how often a taxpayer is required to make their submission.
When a taxpayer has reached the relevant threshold, as determined by their submission frequency, a penalty will be charged for that failure and every subsequent failure to make a submission on time, but their points total will not increase.
The penalty thresholds will be as follows:
| Submission frequency | Penalty threshold |
|---|---|
| Annual | 2 points |
| Quarterly (including MTD for ITSA) | 4 points |
| Monthly | 5 points |
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