New VAT penalties for late returns

A new points-based system for late VAT returns starts for return periods commencing on or after 1 January 2023. A financial penalty […]

The table below sets out the HMRC advisory reimbursement rates for employees’ private mileage using their company car from 1 December 2022. […]

The Scottish Parliament has the power to set income tax rates on non-savings and non-dividend income for Scottish taxpayers. In the Scottish […]

Date What’s Due   01/01 Corporation tax payment for year to 31/3/22 (unless quarterly instalments apply)   19/01 PAYE & NIC deductions, […]

In his Fiscal Statement delivered on 23 September 2022, the previous Chancellor, Kwasi Kwarteng, introduced a Growth Plan including the tax cuts […]

The legislation to abolish the 1.25 percentage point increase in the rate of National Insurance Contributions (NICs) paid by workers, employers and […]

On 23 September 2022, it was announced that the Stamp Duty Land Tax (SDLT) nil-rate threshold on residential property would be increased […]

Another of Liz Truss’ flagship policies was to halt the planned rise in corporation tax rates from 1 April 2023. These increases […]

Undoing all measures announced since 23 September 2022, the rates of income tax applicable to non-dividend income remain as they are now; […]

The corporation tax rate increases and the continuance of the higher income tax rates on dividends will impact on the profit extraction […]