Changes to VAT penalties and interest from 01 January 2023

Treasury sets out next steps for Making Tax Digital On 21 July, the Treasury set out the next steps in its plan to extend Making Tax Digital (MTD) to all businesses and those taxpayers that file self assessment returns.Currently, businesses above the VAT threshold of £85,000 are required to comply with Making Tax Digital for…

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New VAT penalty regime and other VAT news

Treasury sets out next steps for Making Tax Digital On 21 July, the Treasury set out the next steps in its plan to extend Making Tax Digital (MTD) to all businesses and those taxpayers that file self assessment returns.Currently, businesses above the VAT threshold of £85,000 are required to comply with Making Tax Digital for…

1.25% increase to NIC and dividend tax rates 

Treasury sets out next steps for Making Tax Digital On 21 July, the Treasury set out the next steps in its plan to extend Making Tax Digital (MTD) to all businesses and those taxpayers that file self assessment returns.Currently, businesses above the VAT threshold of £85,000 are required to comply with Making Tax Digital for…

Budget 2021

Treasury sets out next steps for Making Tax Digital On 21 July, the Treasury set out the next steps in its plan to extend Making Tax Digital (MTD) to all businesses and those taxpayers that file self assessment returns.Currently, businesses above the VAT threshold of £85,000 are required to comply with Making Tax Digital for…

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Update on Government schemes in response to COVID-19

Treasury sets out next steps for Making Tax Digital On 21 July, the Treasury set out the next steps in its plan to extend Making Tax Digital (MTD) to all businesses and those taxpayers that file self assessment returns.Currently, businesses above the VAT threshold of £85,000 are required to comply with Making Tax Digital for…

Autumn Budget 2017

Treasury sets out next steps for Making Tax Digital On 21 July, the Treasury set out the next steps in its plan to extend Making Tax Digital (MTD) to all businesses and those taxpayers that file self assessment returns.Currently, businesses above the VAT threshold of £85,000 are required to comply with Making Tax Digital for…

Changes to flat-rate VAT in more detail with examples

Treasury sets out next steps for Making Tax Digital On 21 July, the Treasury set out the next steps in its plan to extend Making Tax Digital (MTD) to all businesses and those taxpayers that file self assessment returns.Currently, businesses above the VAT threshold of £85,000 are required to comply with Making Tax Digital for…