Changes to VAT penalties and interest from 01 January 2023

Rise in contactless card payment limit From 1 April the spending limit for contactless card payments rose from £30 to £45.The decision to increase the payment limit was reached following consultation between the retail sector and the finance and payments industry, and echoes similar increases in other European countries.UK Finance stated that the change had…

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New VAT penalty regime and other VAT news

Rise in contactless card payment limit From 1 April the spending limit for contactless card payments rose from £30 to £45.The decision to increase the payment limit was reached following consultation between the retail sector and the finance and payments industry, and echoes similar increases in other European countries.UK Finance stated that the change had…

1.25% increase to NIC and dividend tax rates 

Rise in contactless card payment limit From 1 April the spending limit for contactless card payments rose from £30 to £45.The decision to increase the payment limit was reached following consultation between the retail sector and the finance and payments industry, and echoes similar increases in other European countries.UK Finance stated that the change had…

Budget 2021

Rise in contactless card payment limit From 1 April the spending limit for contactless card payments rose from £30 to £45.The decision to increase the payment limit was reached following consultation between the retail sector and the finance and payments industry, and echoes similar increases in other European countries.UK Finance stated that the change had…

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COVID-19 Update 3

Rise in contactless card payment limit From 1 April the spending limit for contactless card payments rose from £30 to £45.The decision to increase the payment limit was reached following consultation between the retail sector and the finance and payments industry, and echoes similar increases in other European countries.UK Finance stated that the change had…

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Update on Government schemes in response to COVID-19

Rise in contactless card payment limit From 1 April the spending limit for contactless card payments rose from £30 to £45.The decision to increase the payment limit was reached following consultation between the retail sector and the finance and payments industry, and echoes similar increases in other European countries.UK Finance stated that the change had…

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COVID-19 Government schemes to help

Rise in contactless card payment limit From 1 April the spending limit for contactless card payments rose from £30 to £45.The decision to increase the payment limit was reached following consultation between the retail sector and the finance and payments industry, and echoes similar increases in other European countries.UK Finance stated that the change had…

Dividend 2017/18 and 2018/19

Rise in contactless card payment limit From 1 April the spending limit for contactless card payments rose from £30 to £45.The decision to increase the payment limit was reached following consultation between the retail sector and the finance and payments industry, and echoes similar increases in other European countries.UK Finance stated that the change had…

Autumn Budget 2017

Rise in contactless card payment limit From 1 April the spending limit for contactless card payments rose from £30 to £45.The decision to increase the payment limit was reached following consultation between the retail sector and the finance and payments industry, and echoes similar increases in other European countries.UK Finance stated that the change had…

Changes to flat-rate VAT in more detail with examples

Rise in contactless card payment limit From 1 April the spending limit for contactless card payments rose from £30 to £45.The decision to increase the payment limit was reached following consultation between the retail sector and the finance and payments industry, and echoes similar increases in other European countries.UK Finance stated that the change had…