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…