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      Late filing and late payment penalties are to be waived for one month for Self-Assessment taxpayers

      HMRC has given self-assessment taxpayers more time to ease COVID-19 pressures. With the self-assessment deadline less than three weeks away, many individuals and agents will be…

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      Making tax digital for VAT – April 2022 – Are you prepared?

      Since 1 April 2019, VAT-registered businesses with a turnover above the VAT registration threshold of £85,000 have been required to keep their records digitally and provide…

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      Changes to HMRC penalties and interest charges from 1 April 2022

      The Finance Act 2021 introduced a new penalty regime for VAT and income tax self-assessment (ITSA). Historically, VAT surcharges for late submission of VAT returns have…

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