Changes to VAT penalties and interest from 01 January 2023
Personal tax changes – allowance and basic rate band increases At the Budget, the Chancellor announced that increases to the personal allowance and basic rate band for 2019/20.The personal allowance is currently £11,850. The personal allowance for 2019/20 will be £12,500. Also for 2019/20, the basic rate band will be increased to £37,500 so that…