New Year, New VAT Regimes for Late Filing, Payments and Interest
For VAT return periods starting from 1 January 2023 onwards, the VAT default surcharge regime has been replaced by a new penalty system with separate penalties for late submission of VAT returns and late payment of VAT.
Autumn Statement November 2022
A statement from the Chancellor Thursday 17 November 2022 On 17 November 2022, the government undertook the third fiscal statement in as many months, against a backdrop of rising inflation and economic recession. The Chancellor laid out three core priorities of...Reversal on Mini Budget 2022
As the saying goes, a week is a long time in politics. However, recent events have been unprecedented. At the Mini Budget a new Prime Minister and Chancellor launched a new agenda, ‘The Growth Plan.’ Three weeks later, after huge turmoil, there has been a...Mini Budget 2022 (updated for the Chancellor’s announcement on 3 October)
A statement from the Chancellor Friday 23 September 2022 (updated for the Chancellor’s announcement on 3 October) The Growth Plan set out a new approach to the economy built around three central priorities: reforming the supply-side of the economy maintaining a...Winter Economy Plan
The Government have announced the Winter Economy Plan, here’s a summary of the key aspects.