The government have announced that MTD for income tax will be delayed. A statement was released by the government saying: “The government recognises the challenges faced by many UK businesses and their representatives as the country emerges from the pandemic…
New penalty and interest regimes for VAT from 1 April 2022
The current penalty regime will be replaced by a points based system. From 1 April 2022 any VAT returns that are submitted late to HMRC will incur 1 point. No penalty will apply to the VAT registered person(s) until the…
