Penalties, interest and time limits

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FORTHCOMING CHANGE relating to penalty reform calls for evidence and behavioural penalties reform: At Budget 2025, the government published a summary of responses to the consultation launched at Spring Statement 2025 on behavioural penalties reform and announced its intention to proceed with proposals to reform penalties for inaccuracies in tax returns and for failures to notify chargeability. This consultation followed two calls for evidence:

  1. •

    an initial call for evidence on ‘The Tax Administration Framework: Supporting a 21st Century tax system’ of 23 March 2021 and a summary of responses of 30 November 2021, and

  2. •

    a second call for evidence on ‘The Tax Administration Framework Review–enquiry and assessment powers, penalties, safeguards’, of 15 February 2024, followed by a summary of responses of 30 October 2024—this second call for evidence included potential options for the reform of penalties, including the reform of penalty suspension and penalty escalation for continued or repeated non-compliance

The consultation outcome sets out the government’s intention to develop draft legislation to reform the existing behavioural penalties, rather than adopting a wholly new legislative model. Among the proposed

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