Changes to VAT penalties and interest from 01 January 2023
HMRC issues £14 million in penalties for minimum wage offences HMRC issued 580 penalties totalling over £14 million for minimum wage offences during 2020/21, according to a report released by the Department for Business, Energy and Industrial Strategy (BEIS).The penalties given out for national minimum wage (NMW) and national living wage (NLW) offences have dropped…