https://somersetdaily.co.uk/tags/taxpayment/Recent content in taxpayment on Somerset DailyHugo -- gohugo.ioen-usSat, 04 Jul 2026 12:56:53 +0000https://somersetdaily.co.uk/penalty-possible-even-if-paying-on-time-under-new-hmrc-rule-change/Sat, 04 Jul 2026 12:56:53 +0000https://somersetdaily.co.uk/penalty-possible-even-if-paying-on-time-under-new-hmrc-rule-change/The UK Government is consulting on new rules that could impose penalties on businesses paying their PAYE and VAT on time—but through the wrong payment channel. The proposal aims to require businesses to settle these liabilities via Direct Debit to improve payment reliability, reduce debt, and simplify processing. While some accountants acknowledge the benefits of Direct Debit in minimizing errors like incorrect references or timing mistakes, the prospect of fines for using alternative payment methods has raised eyebrows.