Changes to VAT penalties and interest from 01 January 2023

Wales reduces LTT rate On 27 July, the Welsh government reduced the rate of Land Transaction Tax (LTT) following the cuts made to SDLT and LTT across the rest of the UK.LTT is payable by the purchaser of residential or non-residential property occurring in Wales.From 27 July 2020, the starting threshold for residential LTT rose…

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New VAT penalty regime and other VAT news

Wales reduces LTT rate On 27 July, the Welsh government reduced the rate of Land Transaction Tax (LTT) following the cuts made to SDLT and LTT across the rest of the UK.LTT is payable by the purchaser of residential or non-residential property occurring in Wales.From 27 July 2020, the starting threshold for residential LTT rose…

1.25% increase to NIC and dividend tax ratesĀ 

Wales reduces LTT rate On 27 July, the Welsh government reduced the rate of Land Transaction Tax (LTT) following the cuts made to SDLT and LTT across the rest of the UK.LTT is payable by the purchaser of residential or non-residential property occurring in Wales.From 27 July 2020, the starting threshold for residential LTT rose…

Budget 2021

Wales reduces LTT rate On 27 July, the Welsh government reduced the rate of Land Transaction Tax (LTT) following the cuts made to SDLT and LTT across the rest of the UK.LTT is payable by the purchaser of residential or non-residential property occurring in Wales.From 27 July 2020, the starting threshold for residential LTT rose…

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Update on Government schemes in response to COVID-19

Wales reduces LTT rate On 27 July, the Welsh government reduced the rate of Land Transaction Tax (LTT) following the cuts made to SDLT and LTT across the rest of the UK.LTT is payable by the purchaser of residential or non-residential property occurring in Wales.From 27 July 2020, the starting threshold for residential LTT rose…

Dividend 2017/18 and 2018/19

Wales reduces LTT rate On 27 July, the Welsh government reduced the rate of Land Transaction Tax (LTT) following the cuts made to SDLT and LTT across the rest of the UK.LTT is payable by the purchaser of residential or non-residential property occurring in Wales.From 27 July 2020, the starting threshold for residential LTT rose…

Autumn Budget 2017

Wales reduces LTT rate On 27 July, the Welsh government reduced the rate of Land Transaction Tax (LTT) following the cuts made to SDLT and LTT across the rest of the UK.LTT is payable by the purchaser of residential or non-residential property occurring in Wales.From 27 July 2020, the starting threshold for residential LTT rose…

Changes to flat-rate VAT in more detail with examples

Wales reduces LTT rate On 27 July, the Welsh government reduced the rate of Land Transaction Tax (LTT) following the cuts made to SDLT and LTT across the rest of the UK.LTT is payable by the purchaser of residential or non-residential property occurring in Wales.From 27 July 2020, the starting threshold for residential LTT rose…