Changes to VAT penalties and interest from 01 January 2023

Capital taxes Capital gains taxThe government has announced that the capital gains tax annual exempt amount will be reduced from £12,300 to £6,000 from April 2023 and to £3,000 from April 2024.CommentCombined with the changes to the Dividend Allowance, these measures will raise over £1.2 billion a year from April 2025.Inheritance taxThe inheritance tax nil-rate…

|

New VAT penalty regime and other VAT news

Capital taxes Capital gains taxThe government has announced that the capital gains tax annual exempt amount will be reduced from £12,300 to £6,000 from April 2023 and to £3,000 from April 2024.CommentCombined with the changes to the Dividend Allowance, these measures will raise over £1.2 billion a year from April 2025.Inheritance taxThe inheritance tax nil-rate…

1.25% increase to NIC and dividend tax rates 

Capital taxes Capital gains taxThe government has announced that the capital gains tax annual exempt amount will be reduced from £12,300 to £6,000 from April 2023 and to £3,000 from April 2024.CommentCombined with the changes to the Dividend Allowance, these measures will raise over £1.2 billion a year from April 2025.Inheritance taxThe inheritance tax nil-rate…

Budget 2021

Capital taxes Capital gains taxThe government has announced that the capital gains tax annual exempt amount will be reduced from £12,300 to £6,000 from April 2023 and to £3,000 from April 2024.CommentCombined with the changes to the Dividend Allowance, these measures will raise over £1.2 billion a year from April 2025.Inheritance taxThe inheritance tax nil-rate…

| |

COVID-19 Update 3

Capital taxes Capital gains taxThe government has announced that the capital gains tax annual exempt amount will be reduced from £12,300 to £6,000 from April 2023 and to £3,000 from April 2024.CommentCombined with the changes to the Dividend Allowance, these measures will raise over £1.2 billion a year from April 2025.Inheritance taxThe inheritance tax nil-rate…

| |

Update on Government schemes in response to COVID-19

Capital taxes Capital gains taxThe government has announced that the capital gains tax annual exempt amount will be reduced from £12,300 to £6,000 from April 2023 and to £3,000 from April 2024.CommentCombined with the changes to the Dividend Allowance, these measures will raise over £1.2 billion a year from April 2025.Inheritance taxThe inheritance tax nil-rate…

|

COVID-19 Government schemes to help

Capital taxes Capital gains taxThe government has announced that the capital gains tax annual exempt amount will be reduced from £12,300 to £6,000 from April 2023 and to £3,000 from April 2024.CommentCombined with the changes to the Dividend Allowance, these measures will raise over £1.2 billion a year from April 2025.Inheritance taxThe inheritance tax nil-rate…

Dividend 2017/18 and 2018/19

Capital taxes Capital gains taxThe government has announced that the capital gains tax annual exempt amount will be reduced from £12,300 to £6,000 from April 2023 and to £3,000 from April 2024.CommentCombined with the changes to the Dividend Allowance, these measures will raise over £1.2 billion a year from April 2025.Inheritance taxThe inheritance tax nil-rate…

Autumn Budget 2017

Capital taxes Capital gains taxThe government has announced that the capital gains tax annual exempt amount will be reduced from £12,300 to £6,000 from April 2023 and to £3,000 from April 2024.CommentCombined with the changes to the Dividend Allowance, these measures will raise over £1.2 billion a year from April 2025.Inheritance taxThe inheritance tax nil-rate…

Changes to flat-rate VAT in more detail with examples

Capital taxes Capital gains taxThe government has announced that the capital gains tax annual exempt amount will be reduced from £12,300 to £6,000 from April 2023 and to £3,000 from April 2024.CommentCombined with the changes to the Dividend Allowance, these measures will raise over £1.2 billion a year from April 2025.Inheritance taxThe inheritance tax nil-rate…