The new penalty regime for late VAT payments starts on 1 January 2023
1 January 2023 will be a massive date in the VAT calendar.
Features
Features
The Office of Tax Simplification publishes its review findings
The Office of Tax Simplification published its review of simplification (see bit.ly/3AIpTwW) on 18 July – just...
Stressed and distressed businesses: weathering the storm
Over the past few years, businesses have been presented with an unprecedented array of challenges. ...
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Post-Brexit trade: complexities of B2B and B2C
Brexit introduced some important changes to the tax aspects of importing and exporting goods and to a lesser e...
Back to basics: principles of stamp duty land tax
With the ever-changing landscape in property taxes, this article reminds us of the basic principles we need to...
Environmental, social and corporate governance: why tax is pivotal
ESG – environmental, social and corporate governance – is the common banner under which sustainable, ethical a...
Quayviews: a company penalised for submitting its RTI returns early
I suspect that few readers will disagree with the proposition that, as a matter of principle, HMRC should have...
Is activity deemed to be business or non-business for the purposes of VAT?
HMRC recently issued Revenue and Customs Brief 10 (2022) (see bit.ly/3BJGVvr), explaining its new interpretati...
Inheritance tax: choosing the right sort of trust to provide for partners, children and minors
Types of will trust Even after the changes to the inheritance tax treatment of trusts that were made in March...
The tax gap between what is paid and what is owed to HMRC
The tax gap is the estimated difference between the amount of tax that should in theory be paid to HMRC and wh...