Self-Serve Time to Pay for VAT

Self-Serve Time to Pay for VAT

by | Sep 10, 2023 | VAT, accountancy, Accountants, bookkeeping, Business Owner, Family Business, hmrc, Limited Company, MTD for VAT, MTD ITSA, Partnership, Self employed, Sole trader, tax, VAT late submission penalties

Accountants Chester – Tax Tip No. 37 For some time, taxpayers within Self Assessment have been able to set up a Time to Pay arrangement online, allowing them to pay their tax bill in instalments if they cannot pay it in full and on time. The facility to set up...
Beware the new VAT late submission penalties

Beware the new VAT late submission penalties

by | Jun 18, 2023 | VAT, accountancy, accountancy software, Accountants, bookkeeping, Business Owner, hmrc, making tax digital, MTD for VAT, Self employed, Sole trader, tax, VAT late submission penalties

Accountants Chester – Tax Tip No. 25 A new penalty regime was introduced for VAT from 1 January 2023. The new regime comprises late submission penalties and late payment penalties. Here we look at the penalty regime for late returns. Accountants Chester | Late...