Changes to VAT penalties and interest from 01 January 2023

ICAEW urges HMRC to scrap exemptions to simplify VAT rules In response to HMRC’s consultation on simplifying the rules relating to land and property, the Institute of Chartered Accountants in England and Wales (ICAEW) has urged HMRC to abolish all VAT exemptions and remove all VAT options.The ICAEW stated that the VAT rules regarding land…

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New VAT penalty regime and other VAT news

ICAEW urges HMRC to scrap exemptions to simplify VAT rules In response to HMRC’s consultation on simplifying the rules relating to land and property, the Institute of Chartered Accountants in England and Wales (ICAEW) has urged HMRC to abolish all VAT exemptions and remove all VAT options.The ICAEW stated that the VAT rules regarding land…

1.25% increase to NIC and dividend tax ratesĀ 

ICAEW urges HMRC to scrap exemptions to simplify VAT rules In response to HMRC’s consultation on simplifying the rules relating to land and property, the Institute of Chartered Accountants in England and Wales (ICAEW) has urged HMRC to abolish all VAT exemptions and remove all VAT options.The ICAEW stated that the VAT rules regarding land…

Budget 2021

ICAEW urges HMRC to scrap exemptions to simplify VAT rules In response to HMRC’s consultation on simplifying the rules relating to land and property, the Institute of Chartered Accountants in England and Wales (ICAEW) has urged HMRC to abolish all VAT exemptions and remove all VAT options.The ICAEW stated that the VAT rules regarding land…

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Update on Government schemes in response to COVID-19

ICAEW urges HMRC to scrap exemptions to simplify VAT rules In response to HMRC’s consultation on simplifying the rules relating to land and property, the Institute of Chartered Accountants in England and Wales (ICAEW) has urged HMRC to abolish all VAT exemptions and remove all VAT options.The ICAEW stated that the VAT rules regarding land…

Dividend 2017/18 and 2018/19

ICAEW urges HMRC to scrap exemptions to simplify VAT rules In response to HMRC’s consultation on simplifying the rules relating to land and property, the Institute of Chartered Accountants in England and Wales (ICAEW) has urged HMRC to abolish all VAT exemptions and remove all VAT options.The ICAEW stated that the VAT rules regarding land…

Autumn Budget 2017

ICAEW urges HMRC to scrap exemptions to simplify VAT rules In response to HMRC’s consultation on simplifying the rules relating to land and property, the Institute of Chartered Accountants in England and Wales (ICAEW) has urged HMRC to abolish all VAT exemptions and remove all VAT options.The ICAEW stated that the VAT rules regarding land…

Changes to flat-rate VAT in more detail with examples

ICAEW urges HMRC to scrap exemptions to simplify VAT rules In response to HMRC’s consultation on simplifying the rules relating to land and property, the Institute of Chartered Accountants in England and Wales (ICAEW) has urged HMRC to abolish all VAT exemptions and remove all VAT options.The ICAEW stated that the VAT rules regarding land…