by Sian Smith | Feb 27, 2023 | Accounting, VAT
HMRC makes changes to the way it applies VAT penalties HMRC has written to 2.5 million businesses to update them on the new points-based penalties for late VAT returns. VAT Penalty changes are on their way. Why have HMRC changed their VAT penalty system? HMRC have...
by Sian Smith | Jan 31, 2023 | Accounting, Personal Accounting, Tax
Self-Assessment Tax Returns – the basics Tax is usually deducted from wages and pensions (via PAYE). People and businesses with other income must report it in a self-assessment tax return – the system HMRC uses to collect income tax outside of PAYE. The deadline...
