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ACCA: Late-payment penalty calculations

by | Oct 22, 2021 | Tax News

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...

VAT and Brexit

by | Oct 4, 2021 | Tax News

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

by | Oct 1, 2021 | Tax News

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...

ACCA: New points-based penalties system

by | Aug 24, 2021 | Tax News

We are sharing this update from ACCA, our professional body, for the interest of clients and contacts. The content is (c) ACCA The Finance Act 2021 reforms the penalty regime for VAT and income tax self-assessment to make it fairer and more consistent The new late...