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…