Dealing with the HM Revenue & Customs (HMRC) can be very tricky which is why it’s important to stay informed about the most common fines to avoid unnecessary financial burdens due to non-compliance or errors.

Finance expert, John Clemming from For Kredit has provided his insight into the penalties imposed by the HMRC and some practical advice on how to avoid them.

Filing Your Tax Return Late

One of the most straightforward fines from HMRC comes from failing to file your tax return on time. The…