Changes to VAT penalties and interest from 01 January 2023

New measures to ensure small businesses get paid on time The government has announced a package of measures to ensure small businesses get paid on time. Under the proposals large businesses could be fined for failing to pay smaller suppliers on time as part of a robust package of measures.The measures include:  proposed new powers…

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New VAT penalty regime and other VAT news

New measures to ensure small businesses get paid on time The government has announced a package of measures to ensure small businesses get paid on time. Under the proposals large businesses could be fined for failing to pay smaller suppliers on time as part of a robust package of measures.The measures include:  proposed new powers…

1.25% increase to NIC and dividend tax rates 

New measures to ensure small businesses get paid on time The government has announced a package of measures to ensure small businesses get paid on time. Under the proposals large businesses could be fined for failing to pay smaller suppliers on time as part of a robust package of measures.The measures include:  proposed new powers…

Budget 2021

New measures to ensure small businesses get paid on time The government has announced a package of measures to ensure small businesses get paid on time. Under the proposals large businesses could be fined for failing to pay smaller suppliers on time as part of a robust package of measures.The measures include:  proposed new powers…

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Update on Government schemes in response to COVID-19

New measures to ensure small businesses get paid on time The government has announced a package of measures to ensure small businesses get paid on time. Under the proposals large businesses could be fined for failing to pay smaller suppliers on time as part of a robust package of measures.The measures include:  proposed new powers…

Dividend 2017/18 and 2018/19

New measures to ensure small businesses get paid on time The government has announced a package of measures to ensure small businesses get paid on time. Under the proposals large businesses could be fined for failing to pay smaller suppliers on time as part of a robust package of measures.The measures include:  proposed new powers…

Autumn Budget 2017

New measures to ensure small businesses get paid on time The government has announced a package of measures to ensure small businesses get paid on time. Under the proposals large businesses could be fined for failing to pay smaller suppliers on time as part of a robust package of measures.The measures include:  proposed new powers…

Changes to flat-rate VAT in more detail with examples

New measures to ensure small businesses get paid on time The government has announced a package of measures to ensure small businesses get paid on time. Under the proposals large businesses could be fined for failing to pay smaller suppliers on time as part of a robust package of measures.The measures include:  proposed new powers…