Changes to VAT penalties and interest from 01 January 2023

Pensioners outnumber young people for filing self assessment tax returns HMRC has revealed that more pensioners filed a tax return for the 2020/21 tax year compared to young people.Overall, those aged 65 and over accounted for 16% of individuals who submitted a tax return, whereas 16 to 24-year-olds made up 2.7% of total filers.The new…

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New VAT penalty regime and other VAT news

Pensioners outnumber young people for filing self assessment tax returns HMRC has revealed that more pensioners filed a tax return for the 2020/21 tax year compared to young people.Overall, those aged 65 and over accounted for 16% of individuals who submitted a tax return, whereas 16 to 24-year-olds made up 2.7% of total filers.The new…

1.25% increase to NIC and dividend tax ratesĀ 

Pensioners outnumber young people for filing self assessment tax returns HMRC has revealed that more pensioners filed a tax return for the 2020/21 tax year compared to young people.Overall, those aged 65 and over accounted for 16% of individuals who submitted a tax return, whereas 16 to 24-year-olds made up 2.7% of total filers.The new…

Budget 2021

Pensioners outnumber young people for filing self assessment tax returns HMRC has revealed that more pensioners filed a tax return for the 2020/21 tax year compared to young people.Overall, those aged 65 and over accounted for 16% of individuals who submitted a tax return, whereas 16 to 24-year-olds made up 2.7% of total filers.The new…

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Update on Government schemes in response to COVID-19

Pensioners outnumber young people for filing self assessment tax returns HMRC has revealed that more pensioners filed a tax return for the 2020/21 tax year compared to young people.Overall, those aged 65 and over accounted for 16% of individuals who submitted a tax return, whereas 16 to 24-year-olds made up 2.7% of total filers.The new…

Dividend 2017/18 and 2018/19

Pensioners outnumber young people for filing self assessment tax returns HMRC has revealed that more pensioners filed a tax return for the 2020/21 tax year compared to young people.Overall, those aged 65 and over accounted for 16% of individuals who submitted a tax return, whereas 16 to 24-year-olds made up 2.7% of total filers.The new…

Autumn Budget 2017

Pensioners outnumber young people for filing self assessment tax returns HMRC has revealed that more pensioners filed a tax return for the 2020/21 tax year compared to young people.Overall, those aged 65 and over accounted for 16% of individuals who submitted a tax return, whereas 16 to 24-year-olds made up 2.7% of total filers.The new…

Changes to flat-rate VAT in more detail with examples

Pensioners outnumber young people for filing self assessment tax returns HMRC has revealed that more pensioners filed a tax return for the 2020/21 tax year compared to young people.Overall, those aged 65 and over accounted for 16% of individuals who submitted a tax return, whereas 16 to 24-year-olds made up 2.7% of total filers.The new…