HMRC confirms £200 fixed fine decision for 401,000 households

NewsCost Of LivingHMRC436,000 sole traders and landlords have submitted13:31, 12 Aug 2026436,000 taxpayers have submitted their first quarterly Making Tax Digital (MTD) for Income Tax reports. But this means 401,000 are still at risk from next tax year of being fined if they fail to act, according to HMRC figures released on Wednesday.‌Elsa Littlewood, a private client services tax partner at BDO told Birmingham Live: “Clearly, HMRC is pleased that 436,000 sole traders and landlords have submitted their first quarterly Making Tax Digital for Income Tax report on time – and this is despite the fact that no penalties will apply in the first year."‌In total, 864,000 sole traders and landlords are in scope for the first wave of MTD for Income Tax. The programme will then be extended to those e