Changes to VAT penalties and interest from 01 January 2023

Ofgem raises energy price cap Average household energy bills will rise to £3,549 in October following the decision of energy regulator Ofgem to raise the price cap.The record 80% hike will see a typical default tariff customer paying an extra £1,578. The rise follows a 54% increase in April, which saw average bills surge to…

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New VAT penalty regime and other VAT news

Ofgem raises energy price cap Average household energy bills will rise to £3,549 in October following the decision of energy regulator Ofgem to raise the price cap.The record 80% hike will see a typical default tariff customer paying an extra £1,578. The rise follows a 54% increase in April, which saw average bills surge to…

1.25% increase to NIC and dividend tax rates 

Ofgem raises energy price cap Average household energy bills will rise to £3,549 in October following the decision of energy regulator Ofgem to raise the price cap.The record 80% hike will see a typical default tariff customer paying an extra £1,578. The rise follows a 54% increase in April, which saw average bills surge to…

Budget 2021

Ofgem raises energy price cap Average household energy bills will rise to £3,549 in October following the decision of energy regulator Ofgem to raise the price cap.The record 80% hike will see a typical default tariff customer paying an extra £1,578. The rise follows a 54% increase in April, which saw average bills surge to…

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Update on Government schemes in response to COVID-19

Ofgem raises energy price cap Average household energy bills will rise to £3,549 in October following the decision of energy regulator Ofgem to raise the price cap.The record 80% hike will see a typical default tariff customer paying an extra £1,578. The rise follows a 54% increase in April, which saw average bills surge to…

Autumn Budget 2017

Ofgem raises energy price cap Average household energy bills will rise to £3,549 in October following the decision of energy regulator Ofgem to raise the price cap.The record 80% hike will see a typical default tariff customer paying an extra £1,578. The rise follows a 54% increase in April, which saw average bills surge to…

Changes to flat-rate VAT in more detail with examples

Ofgem raises energy price cap Average household energy bills will rise to £3,549 in October following the decision of energy regulator Ofgem to raise the price cap.The record 80% hike will see a typical default tariff customer paying an extra £1,578. The rise follows a 54% increase in April, which saw average bills surge to…