Changes to VAT penalties and interest from 01 January 2023

Personal tax changes – allowance and basic rate band increases At the Budget, the Chancellor announced that increases to the personal allowance and basic rate band for 2019/20.The personal allowance is currently £11,850. The personal allowance for 2019/20 will be £12,500. Also for 2019/20, the basic rate band will be increased to £37,500 so that…

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New VAT penalty regime and other VAT news

Personal tax changes – allowance and basic rate band increases At the Budget, the Chancellor announced that increases to the personal allowance and basic rate band for 2019/20.The personal allowance is currently £11,850. The personal allowance for 2019/20 will be £12,500. Also for 2019/20, the basic rate band will be increased to £37,500 so that…

1.25% increase to NIC and dividend tax rates 

Personal tax changes – allowance and basic rate band increases At the Budget, the Chancellor announced that increases to the personal allowance and basic rate band for 2019/20.The personal allowance is currently £11,850. The personal allowance for 2019/20 will be £12,500. Also for 2019/20, the basic rate band will be increased to £37,500 so that…

Budget 2021

Personal tax changes – allowance and basic rate band increases At the Budget, the Chancellor announced that increases to the personal allowance and basic rate band for 2019/20.The personal allowance is currently £11,850. The personal allowance for 2019/20 will be £12,500. Also for 2019/20, the basic rate band will be increased to £37,500 so that…

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Update on Government schemes in response to COVID-19

Personal tax changes – allowance and basic rate band increases At the Budget, the Chancellor announced that increases to the personal allowance and basic rate band for 2019/20.The personal allowance is currently £11,850. The personal allowance for 2019/20 will be £12,500. Also for 2019/20, the basic rate band will be increased to £37,500 so that…

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COVID-19 Government schemes to help

Personal tax changes – allowance and basic rate band increases At the Budget, the Chancellor announced that increases to the personal allowance and basic rate band for 2019/20.The personal allowance is currently £11,850. The personal allowance for 2019/20 will be £12,500. Also for 2019/20, the basic rate band will be increased to £37,500 so that…

Dividend 2017/18 and 2018/19

Personal tax changes – allowance and basic rate band increases At the Budget, the Chancellor announced that increases to the personal allowance and basic rate band for 2019/20.The personal allowance is currently £11,850. The personal allowance for 2019/20 will be £12,500. Also for 2019/20, the basic rate band will be increased to £37,500 so that…

Autumn Budget 2017

Personal tax changes – allowance and basic rate band increases At the Budget, the Chancellor announced that increases to the personal allowance and basic rate band for 2019/20.The personal allowance is currently £11,850. The personal allowance for 2019/20 will be £12,500. Also for 2019/20, the basic rate band will be increased to £37,500 so that…

Changes to flat-rate VAT in more detail with examples

Personal tax changes – allowance and basic rate band increases At the Budget, the Chancellor announced that increases to the personal allowance and basic rate band for 2019/20.The personal allowance is currently £11,850. The personal allowance for 2019/20 will be £12,500. Also for 2019/20, the basic rate band will be increased to £37,500 so that…