Oct 2022

Making Tax Digital: avoiding VAT penalties

17th Oct 2022

From 1 November 2022, VAT-registered businesses that do not yet comply with the Making Tax Digital (MTD) requirements will face penalties. Businesses should also be aware of the new VAT penalty regime being introduced from 1 January 2023. Although VAT-registered business should already be submitting their VAT returns using MTD compatible software, they have until … More Making Tax Digital: avoiding VAT penalties

Tax relief for owner-managers

10th Oct 2022

There is no certainty of all the measures surviving, but September’s Growth Plan was good news as far as tax is concerned for owner-managers, with the rates of corporation tax, national insurance contributions (NICs) and dividend tax all cut. The cuts Directors will also benefit from the proposed 1% cut to the basic rate of … More Tax relief for owner-managers