Late Payment Penalties

The new legislation has been implemented as Late Payment Penalties that will be applied to payments due from VAT businesses and ITSA taxpayers. The current late payment penalties in Schedule 56 of FA 09 will be replaced by a new regime for ITSA taxpayers whereas, the Surcharge will be replaced…

Advisory fuel rates

The rates will only apply to employees who are using a company car. These rates should not be used in any other circumstances other than the below: reimburse employees for the company cars for their business travel employees need to repay the cost of fuel used for private travel Reimburse…

Apply for a VAT partial exemption special method

The business that supplies goods & services and is partially exempt from VAT while using a special calculation method for tax recovery can apply online. HMRC has launched a service on 16th August that will help businesses to apply for a partial exemption. To use the services, you will need…