Be aware of new tax rule

Mutiny Festival brought over �2m to the local economy Picture: Paul Windsor

Mutiny Festival brings £2.7m into Portsmouth economy

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SMALL business owners across Portsmouth need to know new tax rules.

From October 31 late tax return payers face up to £900 in fines, compared to the current £100 maximum.

James Self, of TaxAssist Accountants, said: ‘Snowballing costs can be deadly for a small business where balancing the books can make the difference between paying staff and going out of business.’