ACCA: Late-payment penalty calculations

We are sharing this update from ACCA, our professional body, for the interest of clients and contacts. The content is (c) ACCA We explain the changes to penalties for VAT and ITSA Last month, an ACCA article highlighted the proposed new points-based penalty regime for...

Right to Work

A fall out from Brexit is around right to work issues. For UK employers there was a six month grace period for checking Right to Work status of EU citizens.  This has expired now, and UK employers have to check EU citizens’ right to work in the UK, as they would...

VAT and Brexit

Although it was clear VAT would be impacted significantly by Brexit, the prolonged exit negotiations and the last minute “deal” with the EU, alongside the pandemic, all conspired to mean that there wasn’t a great deal of time to prepare for VAT...

Social Care Funding Reforms – aka Tax Rises

On 7th September 2021 the Prime Minister broke a Manifesto Commitment and announced rises to National Insurance in order to fix Social Care costs. Of course its right to suspect that this may just be a sticking plaster – health and social care can be a near...