Changes to VAT penalties and interest from 01 January 2023

ByBanner & Associates

CIOT calls on government to rewrite unfair VAT rules The Chartered Institute of Taxation (CIOT) is calling on the government to address unfair tax rules as interest rates on late payments rise.The CIOT is urging the government to reintroduce rules which enable HMRC to waive interest on underpaid VAT when no actual tax loss to…

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New VAT penalty regime and other VAT news

ByBanner & Associates

CIOT calls on government to rewrite unfair VAT rules The Chartered Institute of Taxation (CIOT) is calling on the government to address unfair tax rules as interest rates on late payments rise.The CIOT is urging the government to reintroduce rules which enable HMRC to waive interest on underpaid VAT when no actual tax loss to…

1.25% increase to NIC and dividend tax rates 

ByBanner & Associates

CIOT calls on government to rewrite unfair VAT rules The Chartered Institute of Taxation (CIOT) is calling on the government to address unfair tax rules as interest rates on late payments rise.The CIOT is urging the government to reintroduce rules which enable HMRC to waive interest on underpaid VAT when no actual tax loss to…

Budget 2021

ByRon Banerjee

CIOT calls on government to rewrite unfair VAT rules The Chartered Institute of Taxation (CIOT) is calling on the government to address unfair tax rules as interest rates on late payments rise.The CIOT is urging the government to reintroduce rules which enable HMRC to waive interest on underpaid VAT when no actual tax loss to…

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Update on Government schemes in response to COVID-19

ByRon Banerjee

CIOT calls on government to rewrite unfair VAT rules The Chartered Institute of Taxation (CIOT) is calling on the government to address unfair tax rules as interest rates on late payments rise.The CIOT is urging the government to reintroduce rules which enable HMRC to waive interest on underpaid VAT when no actual tax loss to…

Autumn Budget 2017

ByRon Banerjee

CIOT calls on government to rewrite unfair VAT rules The Chartered Institute of Taxation (CIOT) is calling on the government to address unfair tax rules as interest rates on late payments rise.The CIOT is urging the government to reintroduce rules which enable HMRC to waive interest on underpaid VAT when no actual tax loss to…

Changes to flat-rate VAT in more detail with examples

ByRon Banerjee

CIOT calls on government to rewrite unfair VAT rules The Chartered Institute of Taxation (CIOT) is calling on the government to address unfair tax rules as interest rates on late payments rise.The CIOT is urging the government to reintroduce rules which enable HMRC to waive interest on underpaid VAT when no actual tax loss to…