New VAT penalties and points system for late returns from January 2023
From 1 January 2023, HMRC implemented a new VAT penalty regime that aims to simplify the rules and encourage timely filing and payment.
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Tax Compliance
HMRC is penalising off-payroll mistakes: What you need to know about IR35 rules
While off-payroll working rules (IR35) for the private sector have been in place since April 2021 HMRC has been relatively relaxed when it comes to penalising those who make mistakes - until now.