Changes to VAT penalties and interest from 01 January 2023
Personal Tax The personal allowanceThe personal allowance is currently £11,850. The personal allowance for 2019/20 will be £12,500.CommentThere is a reduction in the personal allowance for those with ‘adjusted net income’ over £100,000 and the threshold has remained at this figure since its introduction for the 2010/11 tax year. The reduction is £1 for every…