Latest / Leeds News Today | 2 Min News | The Daily News Now!

HMRC Proposes New Tax Recklessness Rules | Leeds News
HMRC is set to crack down on tax errors with a new proposal that could criminalize “reckless” mistakes — not just deliberate cheating. Under the plan, even honest slip-ups like claiming ineligible tax relief might trigger investigations and 30% penalties, with past records stretching back 20 years. Experts warn the line between carelessness and recklessness is dangerously blurry, risking innocent taxpayers getting caught up in serious consequences. While HMRC says the goal is to simplify fixes and reduce penalties, critics fear the rules could be too broad — turning simple errors into legal…
The skinny
The skinny isn't ready yet — notes appear once the transcript is processed.