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…