New VAT penalty regime from January 2023
Date posted: 25th Nov 2022
The current VAT default surcharge system will be replaced, in January 2023, with a new penalty based points system for all VAT returns that are either submitted late or…
Date posted: 25th Nov 2022
The current VAT default surcharge system will be replaced, in January 2023, with a new penalty based points system for all VAT returns that are either submitted late or…
Date posted: 24th Nov 2022
Tax changes in recent years to the way that unincorporated landlords are treated for tax purposes, particular in respect to relief for interest, have resulted in an increase…
Date posted: 24th Nov 2022
As the cost-of-living crisis deepens, many employees are looking to save money. One option is to cut the cost of the commute by cycling to work, which can…
Date posted: 24th Nov 2022
HMRC can issue a determination when a taxpayer has failed to submit a tax return. The determination is HMRC’s formal calculation of tax that it calculates as being…
Date posted: 24th Nov 2022
The past 18 months or so have seen a planned increase to corporate tax, then the abolishment of the planned increase to corporate tax and then the abolishment…
Date posted: 24th Nov 2022
We are noticing a lot more in the professional press about HMRC issuing nudge letters to taxpayers in respect of potential errors on their tax returns. HMRC have…
Date posted: 24th Nov 2022
As we head towards the festive period, a lot of people may focus on completing their tax returns over the festive period or gathering information to complete this…
Date posted: 21st Nov 2022
Many owner managed businesses will have a simple approach to remuneration planning – a small salary with dividends meeting income requirements. In a lot of cases this can…
Date posted: 18th Nov 2022
Autumn Statement 17th November 2022 The Chancellor Jeremy Hunt’s Autumn Statement came against the background of a Spring Statement and a September ‘mini-Budget’ (which has now been substantially…
