Changes to VAT penalties and interest from 01 January 2023

Another million savers to be hit with tax on interest The frozen Savings Allowance combined with rising interest rates will push over one million taxpayers into paying tax on their savings this tax year, according to research by investment platform AJ Bell.In the 2023/24 tax year it is estimated that over 2.7 million individuals will…

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New VAT penalty regime and other VAT news

Another million savers to be hit with tax on interest The frozen Savings Allowance combined with rising interest rates will push over one million taxpayers into paying tax on their savings this tax year, according to research by investment platform AJ Bell.In the 2023/24 tax year it is estimated that over 2.7 million individuals will…

1.25% increase to NIC and dividend tax ratesĀ 

Another million savers to be hit with tax on interest The frozen Savings Allowance combined with rising interest rates will push over one million taxpayers into paying tax on their savings this tax year, according to research by investment platform AJ Bell.In the 2023/24 tax year it is estimated that over 2.7 million individuals will…

Budget 2021

Another million savers to be hit with tax on interest The frozen Savings Allowance combined with rising interest rates will push over one million taxpayers into paying tax on their savings this tax year, according to research by investment platform AJ Bell.In the 2023/24 tax year it is estimated that over 2.7 million individuals will…

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Update on Government schemes in response to COVID-19

Another million savers to be hit with tax on interest The frozen Savings Allowance combined with rising interest rates will push over one million taxpayers into paying tax on their savings this tax year, according to research by investment platform AJ Bell.In the 2023/24 tax year it is estimated that over 2.7 million individuals will…

Dividend 2017/18 and 2018/19

Another million savers to be hit with tax on interest The frozen Savings Allowance combined with rising interest rates will push over one million taxpayers into paying tax on their savings this tax year, according to research by investment platform AJ Bell.In the 2023/24 tax year it is estimated that over 2.7 million individuals will…

Autumn Budget 2017

Another million savers to be hit with tax on interest The frozen Savings Allowance combined with rising interest rates will push over one million taxpayers into paying tax on their savings this tax year, according to research by investment platform AJ Bell.In the 2023/24 tax year it is estimated that over 2.7 million individuals will…

Changes to flat-rate VAT in more detail with examples

Another million savers to be hit with tax on interest The frozen Savings Allowance combined with rising interest rates will push over one million taxpayers into paying tax on their savings this tax year, according to research by investment platform AJ Bell.In the 2023/24 tax year it is estimated that over 2.7 million individuals will…