Confirmation of first-year penalty grace period

The 2026/27 soft landing (Phase 1 only)

• No penalty points for late quarterly updates during 2026/27 (HMRC confirmed Autumn Budget 2025);
• Applies only to the Phase 1 cohort (April 2026 entry) — Phase 2 (£30,000) entrants from April 2027 face the full regime from day one;
• Does NOT cover the Final Declaration — late 2026/27 Final Declarations (due 31 January 2028) attract points normally;
• Does NOT cover late payment.