Category Archives: Uncategorized

VAT penalty system is changing and how to possibly avoid some of the penalties

From the 1st January 2023 the VAT penalty system is changing to a points based system.  There are two trigger points for this: Late filing of a VAT return, and Late payment of the VAT liability As most traders use quarterly filing then we will cover this.  Late filing of the VAT return To get […]

Are you self-employed and will have trouble meeting the tax payment deadline?

If you have set up your Government Gateway account you can now ‘self-serve’ to make arrangements to pay your tax bill by instalments. The conditions for this are: You have filed your 2021 tax return What you owe is less than £30,000 You are within 60 days of the payment deadline Can pay it off […]