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HMRC new VAT penalty system from 1st January 2023

HMRC new VAT penalty system from 1st January 2023

HMRC are introducing a new VAT Penalty system starting on or after 1st January 2023 which may affect you. Here's what you need to know: Late Submission Penalities - These work on a points-based system, each VAT return submitted late, customers will receive a point....

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Tax return penalties relaxed

Tax return penalties relaxed

By the time this goes to press, January will be over, as will the usual rush to complete tax returns… or is it? Early January HMRC announced relaxations to the penalty regime regarding submission of 2021 tax returns and payments of tax, so if you are yet to complete...

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Recovery Loan Scheme extended by six months

Recovery Loan Scheme extended by six months

The Government’s Recovery Loan Scheme (RLS) has been extended until 30 June 2022 - but there are big changes to who can apply and how much money businesses can borrow. The six-month extension to the scheme was announced by Chancellor Rishi Sunak in his Autumn Budget...

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