Changes to VAT penalties and interest from 01 January 2023

Making Tax Digital for VAT HMRC has published further information on Making Tax Digital for VAT (MTDfV). The VAT notice sets out some further details of the MTDfV regime, which will ultimately require taxpayers to move to a fully digital tax system.Under the rules, businesses with a taxable turnover above the VAT threshold (currently £85,000)…

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New VAT penalty regime and other VAT news

Making Tax Digital for VAT HMRC has published further information on Making Tax Digital for VAT (MTDfV). The VAT notice sets out some further details of the MTDfV regime, which will ultimately require taxpayers to move to a fully digital tax system.Under the rules, businesses with a taxable turnover above the VAT threshold (currently £85,000)…

1.25% increase to NIC and dividend tax rates 

Making Tax Digital for VAT HMRC has published further information on Making Tax Digital for VAT (MTDfV). The VAT notice sets out some further details of the MTDfV regime, which will ultimately require taxpayers to move to a fully digital tax system.Under the rules, businesses with a taxable turnover above the VAT threshold (currently £85,000)…

Budget 2021

Making Tax Digital for VAT HMRC has published further information on Making Tax Digital for VAT (MTDfV). The VAT notice sets out some further details of the MTDfV regime, which will ultimately require taxpayers to move to a fully digital tax system.Under the rules, businesses with a taxable turnover above the VAT threshold (currently £85,000)…

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Update on Government schemes in response to COVID-19

Making Tax Digital for VAT HMRC has published further information on Making Tax Digital for VAT (MTDfV). The VAT notice sets out some further details of the MTDfV regime, which will ultimately require taxpayers to move to a fully digital tax system.Under the rules, businesses with a taxable turnover above the VAT threshold (currently £85,000)…

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COVID-19 Government schemes to help

Making Tax Digital for VAT HMRC has published further information on Making Tax Digital for VAT (MTDfV). The VAT notice sets out some further details of the MTDfV regime, which will ultimately require taxpayers to move to a fully digital tax system.Under the rules, businesses with a taxable turnover above the VAT threshold (currently £85,000)…

Dividend 2017/18 and 2018/19

Making Tax Digital for VAT HMRC has published further information on Making Tax Digital for VAT (MTDfV). The VAT notice sets out some further details of the MTDfV regime, which will ultimately require taxpayers to move to a fully digital tax system.Under the rules, businesses with a taxable turnover above the VAT threshold (currently £85,000)…

Autumn Budget 2017

Making Tax Digital for VAT HMRC has published further information on Making Tax Digital for VAT (MTDfV). The VAT notice sets out some further details of the MTDfV regime, which will ultimately require taxpayers to move to a fully digital tax system.Under the rules, businesses with a taxable turnover above the VAT threshold (currently £85,000)…

Changes to flat-rate VAT in more detail with examples

Making Tax Digital for VAT HMRC has published further information on Making Tax Digital for VAT (MTDfV). The VAT notice sets out some further details of the MTDfV regime, which will ultimately require taxpayers to move to a fully digital tax system.Under the rules, businesses with a taxable turnover above the VAT threshold (currently £85,000)…