UK HMRC has launched a public consultation on draft regulations that make provision under paragraph 16(2) of Schedule 26 to the Finance Act 2021 for the assessment of penalties for failure to pay tax ("late payment penalties"). The consultation closes at 11:59 pm on 10 June 2024.

---

Draft legislation: The Penalties for Failure to Pay Tax (Assessments) Regulations 2024

Consultation descri…