HMRC warning as self-employed workers face £200 fines under new tax rules

HMRC warning as self-employed workers face £200 fines under new tax rules

Hundreds of thousands of self-employed workers across Britain are being warned to prepare for a major HM Revenue and Customs (HMRC) deadline as new quarterly tax reporting rules begin taking effect.The changes form part of the Government’s Making Tax Digital initiative, which officially launched for affected taxpayers on April 6.Under the new system, sole traders, landlords and other self-employed workers earning more than £50,000 annually must …