Penalty from HMRC for not updating them on changes to the amount of tax you pay. If you’ve tried to conceal income sources, HMRC could charge you 100% of the tax you need to pay. Additionally any self assessments that weren’t filed will be fined alongside, late filing fees, late payment fees and interest.
A reasonable excuse can be appealed on the gov.uk website.
Our first post on our blog! We can't wait to show you what's next
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Here’s how Earnr helps Etsy sellers organise their income and pay themselves a regular salary
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As part of our interest in supporting Etsy sellers, we’ve been doing some digging into the current state of the Etsy world as lockdown becomes more and more a thing of the past.
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