Changes to VAT penalties and interest from 01 January 2023

Changes to overdraft fees The Financial Conduct Authority (FCA) has confirmed it will introduce new rules in April this year that it says will make the costs of overdrafts clearer and easier to compare.The rules will mean banks can only charge for overdraft users a simple annual interest rate – without additional fees and charges.According…

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New VAT penalty regime and other VAT news

Changes to overdraft fees The Financial Conduct Authority (FCA) has confirmed it will introduce new rules in April this year that it says will make the costs of overdrafts clearer and easier to compare.The rules will mean banks can only charge for overdraft users a simple annual interest rate – without additional fees and charges.According…

1.25% increase to NIC and dividend tax rates 

Changes to overdraft fees The Financial Conduct Authority (FCA) has confirmed it will introduce new rules in April this year that it says will make the costs of overdrafts clearer and easier to compare.The rules will mean banks can only charge for overdraft users a simple annual interest rate – without additional fees and charges.According…

Budget 2021

Changes to overdraft fees The Financial Conduct Authority (FCA) has confirmed it will introduce new rules in April this year that it says will make the costs of overdrafts clearer and easier to compare.The rules will mean banks can only charge for overdraft users a simple annual interest rate – without additional fees and charges.According…

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Update on Government schemes in response to COVID-19

Changes to overdraft fees The Financial Conduct Authority (FCA) has confirmed it will introduce new rules in April this year that it says will make the costs of overdrafts clearer and easier to compare.The rules will mean banks can only charge for overdraft users a simple annual interest rate – without additional fees and charges.According…

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COVID-19 Government schemes to help

Changes to overdraft fees The Financial Conduct Authority (FCA) has confirmed it will introduce new rules in April this year that it says will make the costs of overdrafts clearer and easier to compare.The rules will mean banks can only charge for overdraft users a simple annual interest rate – without additional fees and charges.According…

Dividend 2017/18 and 2018/19

Changes to overdraft fees The Financial Conduct Authority (FCA) has confirmed it will introduce new rules in April this year that it says will make the costs of overdrafts clearer and easier to compare.The rules will mean banks can only charge for overdraft users a simple annual interest rate – without additional fees and charges.According…

Autumn Budget 2017

Changes to overdraft fees The Financial Conduct Authority (FCA) has confirmed it will introduce new rules in April this year that it says will make the costs of overdrafts clearer and easier to compare.The rules will mean banks can only charge for overdraft users a simple annual interest rate – without additional fees and charges.According…

Changes to flat-rate VAT in more detail with examples

Changes to overdraft fees The Financial Conduct Authority (FCA) has confirmed it will introduce new rules in April this year that it says will make the costs of overdrafts clearer and easier to compare.The rules will mean banks can only charge for overdraft users a simple annual interest rate – without additional fees and charges.According…