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Changes to VAT penalty regime delayed until 2023

The government has announced plans to delay the introduction of penalties for late submission of VAT returns. The new penalty system was due to come into effect from 1 April…
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Filing deadlines: December 2021

14 December     Corporation tax third quarterly instalment payment for very large companies with annual taxable profits exceeding £20m (reduced if company is a member of one or more 51% groups)…
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Tax rises will wipe out wage inflation

Salaries are rising at the fastest rate in 24 years, but wage inflation could lead to millions being less well-off as tax burden grows.   The tax advisory firm warned…
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Making Tax Digital rollout under the spotlight

The rollout of Making Tax Digital may have slowed due to the pandemic but there is low awareness about the next stage covering landlords, small business and partnerships, warns Kevin…
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5 Common Tax Deductions that Small Business Owners Often Overlook

They say that only two things are certain in life: death and taxes. Paying tax is inevitable but there are things you can do to reduce the percentage of your…
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HMRC remind taxpayers to file returns to avoid penalty

HMRC have issued a reminder that Self Assessment (SA) taxpayers who have not yet filed their 2019/20 tax return should do so by 28 February 2021 to prevent a £100…
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