Changes to VAT penalties and interest from 01 January 2023

Finance Act 2025 receives Royal Assent The first Finance Act of the Labour government has gained Royal Assent and passed into law.The Finance Act 2025 makes major changes to the tax rules for non-doms, removes the VAT exemption for private school fees, increases some rates of Capital Gains Tax (CGT) and Stamp Duty Land Tax,…

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New VAT penalty regime and other VAT news

Finance Act 2025 receives Royal Assent The first Finance Act of the Labour government has gained Royal Assent and passed into law.The Finance Act 2025 makes major changes to the tax rules for non-doms, removes the VAT exemption for private school fees, increases some rates of Capital Gains Tax (CGT) and Stamp Duty Land Tax,…

1.25% increase to NIC and dividend tax rates 

Finance Act 2025 receives Royal Assent The first Finance Act of the Labour government has gained Royal Assent and passed into law.The Finance Act 2025 makes major changes to the tax rules for non-doms, removes the VAT exemption for private school fees, increases some rates of Capital Gains Tax (CGT) and Stamp Duty Land Tax,…

Budget 2021

Finance Act 2025 receives Royal Assent The first Finance Act of the Labour government has gained Royal Assent and passed into law.The Finance Act 2025 makes major changes to the tax rules for non-doms, removes the VAT exemption for private school fees, increases some rates of Capital Gains Tax (CGT) and Stamp Duty Land Tax,…

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Update on Government schemes in response to COVID-19

Finance Act 2025 receives Royal Assent The first Finance Act of the Labour government has gained Royal Assent and passed into law.The Finance Act 2025 makes major changes to the tax rules for non-doms, removes the VAT exemption for private school fees, increases some rates of Capital Gains Tax (CGT) and Stamp Duty Land Tax,…

Autumn Budget 2017

Finance Act 2025 receives Royal Assent The first Finance Act of the Labour government has gained Royal Assent and passed into law.The Finance Act 2025 makes major changes to the tax rules for non-doms, removes the VAT exemption for private school fees, increases some rates of Capital Gains Tax (CGT) and Stamp Duty Land Tax,…

Changes to flat-rate VAT in more detail with examples

Finance Act 2025 receives Royal Assent The first Finance Act of the Labour government has gained Royal Assent and passed into law.The Finance Act 2025 makes major changes to the tax rules for non-doms, removes the VAT exemption for private school fees, increases some rates of Capital Gains Tax (CGT) and Stamp Duty Land Tax,…