# @kcaaccountants on Instagram

- **Type:** Image
- **Original URL:** https://www.instagram.com/p/DH3y1WSsq9W
- **Gondola URL:** https://gondola.cc/posts/28887583-kcaaccountants-instagram
- **Thumbnail:** https://img.gondola.cc/tr:w-,h-,fo-auto/postThumbnails/8ee16926ab.jpg
- **Posted:** 2025-03-31T17:16:53.000+00:00
- **Account Owner:** KCA Accountants (@KCAaccountants) — https://gondola.cc/KCAaccountants

## Caption

Late Payment Penalties Are Going Up!

From 1st April 2025, HMRC is cracking down on late tax payments with higher penalties for those who don’t pay on time.

📌 What’s Changing?
🔹 A 1% rise means you’ll now pay a 3% penalty of unpaid tax at 15 days, and 30 days. But if you’re payment is late by 31 days, that penalty is set to rise from 4% to a rather big 10%!

🔹 This regime will also be applied to VAT late payment penalties and will take effect from 1st April.
🔹 HMRC’s interest rate for late payments is also increasing by 1.5% from next month, adding even more costs.

📅 What To Do?
✅ Plan ahead – make sure you pay on time to avoid the higher charges!
✅ Need help? Speak to us if you’re unsure about your tax deadlines.

#TaxChanges #HMRC #SmallBusiness #LatePayments #SelfAssessment

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- **Likes:** 3
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## Tags

latepayments, selfassessment, hmrc, smallbusiness, taxchanges

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