Changes to VAT penalties and interest from 01 January 2023

Business tax compliance costs £15 billion a year An increasingly complex tax system is costing UK businesses an estimated £15.4 billion a year in compliance, according to a report from the National Audit Office (NAO).HMRC’s cost of collecting tax has risen by £563 million over the past five years due to added complexity in the…

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New VAT penalty regime and other VAT news

Business tax compliance costs £15 billion a year An increasingly complex tax system is costing UK businesses an estimated £15.4 billion a year in compliance, according to a report from the National Audit Office (NAO).HMRC’s cost of collecting tax has risen by £563 million over the past five years due to added complexity in the…

1.25% increase to NIC and dividend tax rates 

Business tax compliance costs £15 billion a year An increasingly complex tax system is costing UK businesses an estimated £15.4 billion a year in compliance, according to a report from the National Audit Office (NAO).HMRC’s cost of collecting tax has risen by £563 million over the past five years due to added complexity in the…

Budget 2021

Business tax compliance costs £15 billion a year An increasingly complex tax system is costing UK businesses an estimated £15.4 billion a year in compliance, according to a report from the National Audit Office (NAO).HMRC’s cost of collecting tax has risen by £563 million over the past five years due to added complexity in the…

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Update on Government schemes in response to COVID-19

Business tax compliance costs £15 billion a year An increasingly complex tax system is costing UK businesses an estimated £15.4 billion a year in compliance, according to a report from the National Audit Office (NAO).HMRC’s cost of collecting tax has risen by £563 million over the past five years due to added complexity in the…

Dividend 2017/18 and 2018/19

Business tax compliance costs £15 billion a year An increasingly complex tax system is costing UK businesses an estimated £15.4 billion a year in compliance, according to a report from the National Audit Office (NAO).HMRC’s cost of collecting tax has risen by £563 million over the past five years due to added complexity in the…

Autumn Budget 2017

Business tax compliance costs £15 billion a year An increasingly complex tax system is costing UK businesses an estimated £15.4 billion a year in compliance, according to a report from the National Audit Office (NAO).HMRC’s cost of collecting tax has risen by £563 million over the past five years due to added complexity in the…

Changes to flat-rate VAT in more detail with examples

Business tax compliance costs £15 billion a year An increasingly complex tax system is costing UK businesses an estimated £15.4 billion a year in compliance, according to a report from the National Audit Office (NAO).HMRC’s cost of collecting tax has risen by £563 million over the past five years due to added complexity in the…