There are changes ahead to penalties issued for late filing of tax returns. At present, anyone filing a return even one day late is subject to a penalty of £100, and this is the same treatment for both serial offenders and those who make the occasional slip. The new rules aim to issue penalty points for odd mistakes – similar to those handed to speeding motorists – rather than a cash penalty. Tax payers will be able to challenge points awarded if they have a reasonable excuse for the delay.