Changes to VAT penalties and interest from 01 January 2023

HMRC warning: time to declare offshore assets HMRC is warning that taxpayers could face penalties if they fail to declare their income on foreign assets before new ‘Requirement to Correct’ legislation comes into force.HMRC is urging UK taxpayers to come forward and declare any foreign income or profits on offshore assets before 30 September to…

|

New VAT penalty regime and other VAT news

HMRC warning: time to declare offshore assets HMRC is warning that taxpayers could face penalties if they fail to declare their income on foreign assets before new ‘Requirement to Correct’ legislation comes into force.HMRC is urging UK taxpayers to come forward and declare any foreign income or profits on offshore assets before 30 September to…

1.25% increase to NIC and dividend tax ratesĀ 

HMRC warning: time to declare offshore assets HMRC is warning that taxpayers could face penalties if they fail to declare their income on foreign assets before new ‘Requirement to Correct’ legislation comes into force.HMRC is urging UK taxpayers to come forward and declare any foreign income or profits on offshore assets before 30 September to…

Budget 2021

HMRC warning: time to declare offshore assets HMRC is warning that taxpayers could face penalties if they fail to declare their income on foreign assets before new ‘Requirement to Correct’ legislation comes into force.HMRC is urging UK taxpayers to come forward and declare any foreign income or profits on offshore assets before 30 September to…

| |

Update on Government schemes in response to COVID-19

HMRC warning: time to declare offshore assets HMRC is warning that taxpayers could face penalties if they fail to declare their income on foreign assets before new ‘Requirement to Correct’ legislation comes into force.HMRC is urging UK taxpayers to come forward and declare any foreign income or profits on offshore assets before 30 September to…

|

COVID-19 Government schemes to help

HMRC warning: time to declare offshore assets HMRC is warning that taxpayers could face penalties if they fail to declare their income on foreign assets before new ‘Requirement to Correct’ legislation comes into force.HMRC is urging UK taxpayers to come forward and declare any foreign income or profits on offshore assets before 30 September to…

Dividend 2017/18 and 2018/19

HMRC warning: time to declare offshore assets HMRC is warning that taxpayers could face penalties if they fail to declare their income on foreign assets before new ‘Requirement to Correct’ legislation comes into force.HMRC is urging UK taxpayers to come forward and declare any foreign income or profits on offshore assets before 30 September to…

Autumn Budget 2017

HMRC warning: time to declare offshore assets HMRC is warning that taxpayers could face penalties if they fail to declare their income on foreign assets before new ‘Requirement to Correct’ legislation comes into force.HMRC is urging UK taxpayers to come forward and declare any foreign income or profits on offshore assets before 30 September to…

Changes to flat-rate VAT in more detail with examples

HMRC warning: time to declare offshore assets HMRC is warning that taxpayers could face penalties if they fail to declare their income on foreign assets before new ‘Requirement to Correct’ legislation comes into force.HMRC is urging UK taxpayers to come forward and declare any foreign income or profits on offshore assets before 30 September to…