Changes to VAT penalties and interest from 01 January 2023

Consultation on the operation of Insurance Premium Tax HMRC has launched a consultation to review the extent to which the emerging practices are leading to ‘unfair tax outcomes’ in the administration and collection of Insurance Premium Tax (IPT). HMRC’s consultation document states:’We have been made aware of business practices involving administration and arrangement fees which…

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New VAT penalty regime and other VAT news

Consultation on the operation of Insurance Premium Tax HMRC has launched a consultation to review the extent to which the emerging practices are leading to ‘unfair tax outcomes’ in the administration and collection of Insurance Premium Tax (IPT). HMRC’s consultation document states:’We have been made aware of business practices involving administration and arrangement fees which…

1.25% increase to NIC and dividend tax ratesĀ 

Consultation on the operation of Insurance Premium Tax HMRC has launched a consultation to review the extent to which the emerging practices are leading to ‘unfair tax outcomes’ in the administration and collection of Insurance Premium Tax (IPT). HMRC’s consultation document states:’We have been made aware of business practices involving administration and arrangement fees which…

Budget 2021

Consultation on the operation of Insurance Premium Tax HMRC has launched a consultation to review the extent to which the emerging practices are leading to ‘unfair tax outcomes’ in the administration and collection of Insurance Premium Tax (IPT). HMRC’s consultation document states:’We have been made aware of business practices involving administration and arrangement fees which…

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COVID-19 Update 3

Consultation on the operation of Insurance Premium Tax HMRC has launched a consultation to review the extent to which the emerging practices are leading to ‘unfair tax outcomes’ in the administration and collection of Insurance Premium Tax (IPT). HMRC’s consultation document states:’We have been made aware of business practices involving administration and arrangement fees which…

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Update on Government schemes in response to COVID-19

Consultation on the operation of Insurance Premium Tax HMRC has launched a consultation to review the extent to which the emerging practices are leading to ‘unfair tax outcomes’ in the administration and collection of Insurance Premium Tax (IPT). HMRC’s consultation document states:’We have been made aware of business practices involving administration and arrangement fees which…

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COVID-19 Government schemes to help

Consultation on the operation of Insurance Premium Tax HMRC has launched a consultation to review the extent to which the emerging practices are leading to ‘unfair tax outcomes’ in the administration and collection of Insurance Premium Tax (IPT). HMRC’s consultation document states:’We have been made aware of business practices involving administration and arrangement fees which…

Dividend 2017/18 and 2018/19

Consultation on the operation of Insurance Premium Tax HMRC has launched a consultation to review the extent to which the emerging practices are leading to ‘unfair tax outcomes’ in the administration and collection of Insurance Premium Tax (IPT). HMRC’s consultation document states:’We have been made aware of business practices involving administration and arrangement fees which…

Autumn Budget 2017

Consultation on the operation of Insurance Premium Tax HMRC has launched a consultation to review the extent to which the emerging practices are leading to ‘unfair tax outcomes’ in the administration and collection of Insurance Premium Tax (IPT). HMRC’s consultation document states:’We have been made aware of business practices involving administration and arrangement fees which…

Changes to flat-rate VAT in more detail with examples

Consultation on the operation of Insurance Premium Tax HMRC has launched a consultation to review the extent to which the emerging practices are leading to ‘unfair tax outcomes’ in the administration and collection of Insurance Premium Tax (IPT). HMRC’s consultation document states:’We have been made aware of business practices involving administration and arrangement fees which…