Changes to VAT Penalties from 1 January 2023
6 November 2022
The VAT default surcharge will be replaced with new penalties, which will apply to everyone who submits a VAT return. Penalties will be charged for
News
Self assessment tax return deadlines
24 October 2022
On 24 October, HMRC issued a news release reminding taxpayers within self-assessment that they had 100 days left in which to complete their 2021/22 self-assessment
Mini Budget – 23 September 2022
23 September 2022
The new Chancellor, Kwasi Kwarteng, revealed his exceptional bid to regenerate the economy by cutting taxes today, 23rd September 2022. He is gambling that this
Top 10 Accountancy Questions
29 August 2022
As accountants, a lot of our time is spent answering your queries and questions to help ensure you make the best financial decisions for your
July 2022 Update
18 July 2022
As summer holidays are looming for many there are still a few tax and financial issues to consider. Self-assessment tax payments due by the end
Should you be registered for VAT?
11 July 2022
With rising inflation and recovery after Covid are you checking your turnover regularly? Alternatively would registration be beneficial? Most accounting software can cope with the
60 days to pay capital gains tax If you sell chargeable UK residential property
1 June 2022
Since April 2020, all UK residential properties disposed of by UK resident taxpayers – that create a taxable gain for Capital Gains Tax (CGT) purposes
June 22 Update – Tax returns
1 June 2022
Tax Returns! We are now nearly two months into the new tax year and it is time to think about completing tax returns! Tax return
P11Ds: Reporting Benefits in Kind 2021-22
21 May 2022
The final reporting obligations for employers that provide Benefits in Kind (BiK) to employees, including directors, is fast approaching. The following update sets out what