This article is an update on our original one published in 2020 (https://mooreaccountancy.co.uk/new-vat-filing-penalty-regime-from-january-2023/ ) The new penalties will impact [...]
Penalties for Careless and Deliberate Errors
HMRC will charge interest on tax paid late. They may also levy a penalty where there is an error in [...]
Budget – March 2023
On 15 March 2023, Chancellor Jeremy Hunt presented his first Budget to Parliament and set out a plan to reduce [...]
Mini Budget and Autumn Statement – November 2022
The new Chancellor Jeremy Hunt had warned the public and the financial markets that his Autumn Statement would include “eye-watering” [...]
Mini Budget – September 22
On 23 September 2022, Kwasi Kwarteng, the new delivered a Tax Cutting “Fiscal Event” or Mini-Budget to help boost economic [...]
How long do I need to keep records for?
Clients often ask how long they should keep records for as these vary across the taxes and type of entities, [...]
New VAT filing penalty regime – from January 2023
For VAT periods starting on or after 01/01/23, the default surcharge will be replaced by new penalties. This will affect [...]
MTD for VAT – April 2022
HMRC are in the process of making MTD (Making Tax Digital) mandatory for all VAT registered clients from 01/04/2022. If [...]
Trivial Benefits for employees and directors
A Trivial Benefit continues to be very popular and is frequently given by employers to directors and employees. These have [...]
HMRC extend Filing Deadline for 20/21 Tax Returns to February 2022
HMRC have announced an extension to the January 31st filing deadline for personal tax returns. This will be a welcome [...]