Budget 2023 summary: What happened in Jeremy Hunt’s announcement on 16.03.2023 – the key points at a glance
Businesses are reminded to take steps to prepare for Making Tax Digital for Value Added Tax (VAT) before it becomes mandatory for all VAT-registered businesses from 1 April this year.
Check if you can claim back Statutory Sick Pay paid to employees due to coronavirus (COVID-19)
If you’re an employer, find out if you can use the Coronavirus Statutory Sick Pay Rebate Scheme to claim back employees’ Statutory Sick Pay related to COVID-19.
Making Tax Digital for VAT is coming – are you ready?
Businesses are reminded to take steps to prepare for Making Tax Digital for Value Added Tax (VAT) before it becomes mandatory for all VAT-registered businesses from 1 April this year.
HMRC gives Self Assessment taxpayers more time to ease COVID-19 pressures
Late filing and late payment penalties are to be waived for one month for Self Assessment taxpayers.
Wealth Planning is so important – contact us now and we can help
INHERITANCE TAX could be in for big changes after an expert warned Chancellor of the Exchequer Rishi Sunak is “not afraid to raise taxes”.
HMRC outlines changes to late payment penalty regime
HMRC has published a policy paper outlining the forthcoming changes to the penalties for late payment and interest harmonisation for taxpayers.
Are you a marketplace seller? Then you need to read this…
Digital marketplaces to report sellers’ incomes from 2023
Do you know who is calling you?
New shocking figures show that impersonation scams result in £129m losses
On 13th September, the government announced tax changes to fund £12 billion a year to be spent on the NHS and social care across the UK
National Insurance contributions (NICs) will increase by 1.25% for one year only for employees, employers and the self-employed from April 2022. This will cover both Class 1 (employee and employer), Class 1A and 1B and Class 4 (self-employed) NICs. Those above State Pension Age are not impacted by the April 2022 changes.
The Tax Office will hit businesses with penalty fines of 5% plus interest as billions in unpaid VAT is owed to HMRC
Steep penalties will be issued to those businesses not meeting overdue VAT payments or those who do not get in touch to arrange repayment plans now the deferred payment deadline has passed.