by admin | Feb 7, 2023 | Government Budgets, Tax Compliance
Making Tax Digital (MTD) for Income Tax has now been delayed, as was widely expected, meaning that it will now not come into force until April 2026. Victoria Atkins, the Financial Secretary to the Treasury, announced in December that the scheme will be pushed back by...
by admin | Jan 17, 2023 | Government Budgets, Tax Compliance
For all VAT accounting periods starting on or after 1 January 2023, the way that HMRC charges penalties and interest on late VAT payments and returns is changing. The old default surcharge system, where a default percentage of the late VAT amount was levied on day one...
by admin | Dec 16, 2022 | Government Budgets
On Thursday, Finance Secretary John Swinney set out the details of the Scottish Government’s tax and spending plans for the upcoming financial year 2023/24. This follows the UK Government’s Autumn Statement, where the UK Government Chancellor Jeremy Hunt announced the...
by admin | Nov 17, 2022 | Government Budgets
The UK Government’s Chancellor, Jeremy Hunt, has set out in his Autumn Statement measures that he views will bring under control inflation and growth of the economy. He described the measures a method to make the downturn caused by inflation “shallower”. The...
