Changes to VAT penalties and interest from 01 January 2023

£1 million Annual Investment Allowance cap extended The Treasury has confirmed that the £1 million cap on the Annual Investment Allowance (AIA) is to be extended for an additional year as the government continues to look at ways to stimulate the economy.The AIA provides a tax write off against profits for expenditure incurred on plant…

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New VAT penalty regime and other VAT news

£1 million Annual Investment Allowance cap extended The Treasury has confirmed that the £1 million cap on the Annual Investment Allowance (AIA) is to be extended for an additional year as the government continues to look at ways to stimulate the economy.The AIA provides a tax write off against profits for expenditure incurred on plant…

1.25% increase to NIC and dividend tax rates 

£1 million Annual Investment Allowance cap extended The Treasury has confirmed that the £1 million cap on the Annual Investment Allowance (AIA) is to be extended for an additional year as the government continues to look at ways to stimulate the economy.The AIA provides a tax write off against profits for expenditure incurred on plant…

Budget 2021

£1 million Annual Investment Allowance cap extended The Treasury has confirmed that the £1 million cap on the Annual Investment Allowance (AIA) is to be extended for an additional year as the government continues to look at ways to stimulate the economy.The AIA provides a tax write off against profits for expenditure incurred on plant…

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Update on Government schemes in response to COVID-19

£1 million Annual Investment Allowance cap extended The Treasury has confirmed that the £1 million cap on the Annual Investment Allowance (AIA) is to be extended for an additional year as the government continues to look at ways to stimulate the economy.The AIA provides a tax write off against profits for expenditure incurred on plant…

Dividend 2017/18 and 2018/19

£1 million Annual Investment Allowance cap extended The Treasury has confirmed that the £1 million cap on the Annual Investment Allowance (AIA) is to be extended for an additional year as the government continues to look at ways to stimulate the economy.The AIA provides a tax write off against profits for expenditure incurred on plant…

Autumn Budget 2017

£1 million Annual Investment Allowance cap extended The Treasury has confirmed that the £1 million cap on the Annual Investment Allowance (AIA) is to be extended for an additional year as the government continues to look at ways to stimulate the economy.The AIA provides a tax write off against profits for expenditure incurred on plant…

Changes to flat-rate VAT in more detail with examples

£1 million Annual Investment Allowance cap extended The Treasury has confirmed that the £1 million cap on the Annual Investment Allowance (AIA) is to be extended for an additional year as the government continues to look at ways to stimulate the economy.The AIA provides a tax write off against profits for expenditure incurred on plant…