Changes to VAT penalties and interest from 01 January 2023

Tax burden rises following Autumn Statement The UK’s tax burden will rise after Chancellor Jeremy Hunt reduced the threshold on the top rate of tax and announced freezes on other taxes in the Autumn Statement.The threshold for the top 45% additional rate of income tax was cut to £125,140 from £150,000.The government is also fixing…

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New VAT penalty regime and other VAT news

Tax burden rises following Autumn Statement The UK’s tax burden will rise after Chancellor Jeremy Hunt reduced the threshold on the top rate of tax and announced freezes on other taxes in the Autumn Statement.The threshold for the top 45% additional rate of income tax was cut to £125,140 from £150,000.The government is also fixing…

1.25% increase to NIC and dividend tax rates 

Tax burden rises following Autumn Statement The UK’s tax burden will rise after Chancellor Jeremy Hunt reduced the threshold on the top rate of tax and announced freezes on other taxes in the Autumn Statement.The threshold for the top 45% additional rate of income tax was cut to £125,140 from £150,000.The government is also fixing…

Budget 2021

Tax burden rises following Autumn Statement The UK’s tax burden will rise after Chancellor Jeremy Hunt reduced the threshold on the top rate of tax and announced freezes on other taxes in the Autumn Statement.The threshold for the top 45% additional rate of income tax was cut to £125,140 from £150,000.The government is also fixing…

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Update on Government schemes in response to COVID-19

Tax burden rises following Autumn Statement The UK’s tax burden will rise after Chancellor Jeremy Hunt reduced the threshold on the top rate of tax and announced freezes on other taxes in the Autumn Statement.The threshold for the top 45% additional rate of income tax was cut to £125,140 from £150,000.The government is also fixing…

Dividend 2017/18 and 2018/19

Tax burden rises following Autumn Statement The UK’s tax burden will rise after Chancellor Jeremy Hunt reduced the threshold on the top rate of tax and announced freezes on other taxes in the Autumn Statement.The threshold for the top 45% additional rate of income tax was cut to £125,140 from £150,000.The government is also fixing…

Autumn Budget 2017

Tax burden rises following Autumn Statement The UK’s tax burden will rise after Chancellor Jeremy Hunt reduced the threshold on the top rate of tax and announced freezes on other taxes in the Autumn Statement.The threshold for the top 45% additional rate of income tax was cut to £125,140 from £150,000.The government is also fixing…

Changes to flat-rate VAT in more detail with examples

Tax burden rises following Autumn Statement The UK’s tax burden will rise after Chancellor Jeremy Hunt reduced the threshold on the top rate of tax and announced freezes on other taxes in the Autumn Statement.The threshold for the top 45% additional rate of income tax was cut to £125,140 from £150,000.The government is also fixing…