Changes to VAT penalties and interest from 01 January 2023

Changes to income tax for 2019/20 The new tax year brings changes to income tax bands and allowances.The personal allowance is £11,850 for 2018/19 and increases to £12,500 for 2019/20. There is a reduction in the personal allowance for those with ‘adjusted net income’ over £100,000. The reduction is £1 for every £2 of income…

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New VAT penalty regime and other VAT news

Changes to income tax for 2019/20 The new tax year brings changes to income tax bands and allowances.The personal allowance is £11,850 for 2018/19 and increases to £12,500 for 2019/20. There is a reduction in the personal allowance for those with ‘adjusted net income’ over £100,000. The reduction is £1 for every £2 of income…

1.25% increase to NIC and dividend tax rates 

Changes to income tax for 2019/20 The new tax year brings changes to income tax bands and allowances.The personal allowance is £11,850 for 2018/19 and increases to £12,500 for 2019/20. There is a reduction in the personal allowance for those with ‘adjusted net income’ over £100,000. The reduction is £1 for every £2 of income…

Budget 2021

Changes to income tax for 2019/20 The new tax year brings changes to income tax bands and allowances.The personal allowance is £11,850 for 2018/19 and increases to £12,500 for 2019/20. There is a reduction in the personal allowance for those with ‘adjusted net income’ over £100,000. The reduction is £1 for every £2 of income…

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Update on Government schemes in response to COVID-19

Changes to income tax for 2019/20 The new tax year brings changes to income tax bands and allowances.The personal allowance is £11,850 for 2018/19 and increases to £12,500 for 2019/20. There is a reduction in the personal allowance for those with ‘adjusted net income’ over £100,000. The reduction is £1 for every £2 of income…

Dividend 2017/18 and 2018/19

Changes to income tax for 2019/20 The new tax year brings changes to income tax bands and allowances.The personal allowance is £11,850 for 2018/19 and increases to £12,500 for 2019/20. There is a reduction in the personal allowance for those with ‘adjusted net income’ over £100,000. The reduction is £1 for every £2 of income…

Autumn Budget 2017

Changes to income tax for 2019/20 The new tax year brings changes to income tax bands and allowances.The personal allowance is £11,850 for 2018/19 and increases to £12,500 for 2019/20. There is a reduction in the personal allowance for those with ‘adjusted net income’ over £100,000. The reduction is £1 for every £2 of income…

Changes to flat-rate VAT in more detail with examples

Changes to income tax for 2019/20 The new tax year brings changes to income tax bands and allowances.The personal allowance is £11,850 for 2018/19 and increases to £12,500 for 2019/20. There is a reduction in the personal allowance for those with ‘adjusted net income’ over £100,000. The reduction is £1 for every £2 of income…