Changes to VAT penalties and interest from 01 January 2023

Tax red tape costs small businesses nearly £25 billion a year Tax compliance costs the UK’s small businesses nearly £25 billion a year, according to recent research conducted by the Federation of Small Businesses (FSB).The average small firm spends £4,500 and 44 hours a year on tax compliance, according to the research.These annual totals could…

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New VAT penalty regime and other VAT news

Tax red tape costs small businesses nearly £25 billion a year Tax compliance costs the UK’s small businesses nearly £25 billion a year, according to recent research conducted by the Federation of Small Businesses (FSB).The average small firm spends £4,500 and 44 hours a year on tax compliance, according to the research.These annual totals could…

1.25% increase to NIC and dividend tax rates 

Tax red tape costs small businesses nearly £25 billion a year Tax compliance costs the UK’s small businesses nearly £25 billion a year, according to recent research conducted by the Federation of Small Businesses (FSB).The average small firm spends £4,500 and 44 hours a year on tax compliance, according to the research.These annual totals could…

Budget 2021

Tax red tape costs small businesses nearly £25 billion a year Tax compliance costs the UK’s small businesses nearly £25 billion a year, according to recent research conducted by the Federation of Small Businesses (FSB).The average small firm spends £4,500 and 44 hours a year on tax compliance, according to the research.These annual totals could…

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Update on Government schemes in response to COVID-19

Tax red tape costs small businesses nearly £25 billion a year Tax compliance costs the UK’s small businesses nearly £25 billion a year, according to recent research conducted by the Federation of Small Businesses (FSB).The average small firm spends £4,500 and 44 hours a year on tax compliance, according to the research.These annual totals could…

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COVID-19 Government schemes to help

Tax red tape costs small businesses nearly £25 billion a year Tax compliance costs the UK’s small businesses nearly £25 billion a year, according to recent research conducted by the Federation of Small Businesses (FSB).The average small firm spends £4,500 and 44 hours a year on tax compliance, according to the research.These annual totals could…

Dividend 2017/18 and 2018/19

Tax red tape costs small businesses nearly £25 billion a year Tax compliance costs the UK’s small businesses nearly £25 billion a year, according to recent research conducted by the Federation of Small Businesses (FSB).The average small firm spends £4,500 and 44 hours a year on tax compliance, according to the research.These annual totals could…

Autumn Budget 2017

Tax red tape costs small businesses nearly £25 billion a year Tax compliance costs the UK’s small businesses nearly £25 billion a year, according to recent research conducted by the Federation of Small Businesses (FSB).The average small firm spends £4,500 and 44 hours a year on tax compliance, according to the research.These annual totals could…

Changes to flat-rate VAT in more detail with examples

Tax red tape costs small businesses nearly £25 billion a year Tax compliance costs the UK’s small businesses nearly £25 billion a year, according to recent research conducted by the Federation of Small Businesses (FSB).The average small firm spends £4,500 and 44 hours a year on tax compliance, according to the research.These annual totals could…