Changes to VAT penalties and interest from 01 January 2023

Committee warns small businesses ‘could pay heavy price’ for MTD The Economic Affairs Committee has warned HMRC that small businesses ‘could pay a heavy price’ for Making Tax Digital for VAT (MTDfV).The Committee stated that HMRC has’failed to adequately support small businesses’ ahead of the introduction of MTDfV.MTDfV is generally set to come into effect…

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New VAT penalty regime and other VAT news

Committee warns small businesses ‘could pay heavy price’ for MTD The Economic Affairs Committee has warned HMRC that small businesses ‘could pay a heavy price’ for Making Tax Digital for VAT (MTDfV).The Committee stated that HMRC has’failed to adequately support small businesses’ ahead of the introduction of MTDfV.MTDfV is generally set to come into effect…

1.25% increase to NIC and dividend tax ratesĀ 

Committee warns small businesses ‘could pay heavy price’ for MTD The Economic Affairs Committee has warned HMRC that small businesses ‘could pay a heavy price’ for Making Tax Digital for VAT (MTDfV).The Committee stated that HMRC has’failed to adequately support small businesses’ ahead of the introduction of MTDfV.MTDfV is generally set to come into effect…

Budget 2021

Committee warns small businesses ‘could pay heavy price’ for MTD The Economic Affairs Committee has warned HMRC that small businesses ‘could pay a heavy price’ for Making Tax Digital for VAT (MTDfV).The Committee stated that HMRC has’failed to adequately support small businesses’ ahead of the introduction of MTDfV.MTDfV is generally set to come into effect…

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COVID-19 Update 3

Committee warns small businesses ‘could pay heavy price’ for MTD The Economic Affairs Committee has warned HMRC that small businesses ‘could pay a heavy price’ for Making Tax Digital for VAT (MTDfV).The Committee stated that HMRC has’failed to adequately support small businesses’ ahead of the introduction of MTDfV.MTDfV is generally set to come into effect…

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Update on Government schemes in response to COVID-19

Committee warns small businesses ‘could pay heavy price’ for MTD The Economic Affairs Committee has warned HMRC that small businesses ‘could pay a heavy price’ for Making Tax Digital for VAT (MTDfV).The Committee stated that HMRC has’failed to adequately support small businesses’ ahead of the introduction of MTDfV.MTDfV is generally set to come into effect…

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COVID-19 Government schemes to help

Committee warns small businesses ‘could pay heavy price’ for MTD The Economic Affairs Committee has warned HMRC that small businesses ‘could pay a heavy price’ for Making Tax Digital for VAT (MTDfV).The Committee stated that HMRC has’failed to adequately support small businesses’ ahead of the introduction of MTDfV.MTDfV is generally set to come into effect…

Dividend 2017/18 and 2018/19

Committee warns small businesses ‘could pay heavy price’ for MTD The Economic Affairs Committee has warned HMRC that small businesses ‘could pay a heavy price’ for Making Tax Digital for VAT (MTDfV).The Committee stated that HMRC has’failed to adequately support small businesses’ ahead of the introduction of MTDfV.MTDfV is generally set to come into effect…

Autumn Budget 2017

Committee warns small businesses ‘could pay heavy price’ for MTD The Economic Affairs Committee has warned HMRC that small businesses ‘could pay a heavy price’ for Making Tax Digital for VAT (MTDfV).The Committee stated that HMRC has’failed to adequately support small businesses’ ahead of the introduction of MTDfV.MTDfV is generally set to come into effect…

Changes to flat-rate VAT in more detail with examples

Committee warns small businesses ‘could pay heavy price’ for MTD The Economic Affairs Committee has warned HMRC that small businesses ‘could pay a heavy price’ for Making Tax Digital for VAT (MTDfV).The Committee stated that HMRC has’failed to adequately support small businesses’ ahead of the introduction of MTDfV.MTDfV is generally set to come into effect…