HMRC have set out the new penalty regime for the late submission of tax returns and the late payment of tax for VAT periods beginning on or after 1 April 2022 and for self-assessment periods.
New HMRC penalty regime
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Tax.
Self-assessment tax returns and Covid-19 – What you need to know
HMRC has been urged to consider extending the 31 January self-assessment filing deadline and/or late penalty regime in view of the current coronavirus pandemic.
Research and development – The Good, the Bad and the Ugly!
The Good – The research and development (R&D) regime offers fantastic tax benefits to companies who can claim relief and carry out qualifying R&D activities
Taxing Coronavirus support payments – don’t get caught out!
The financial support offered during the coronavirus pandemic has been a lifeline for many.
Coronavirus and planning for the financial impact
During these uncertain times it is essential to consider the potential short term financial impact on you, your business and your staff and identify what plans and measures you should be taking now.
The journey starts now...
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