Beware of ‘careless mistakes’
Penalties for careless mistakes in tax returns? Recently, some departments have calculated the 2021/22 year HMRC fines for taxpayers in tax returns. The 80% penalty for “careless mistakes” by taxpayers has nearly tripled by 40,000 from the previous year....
4 Problems Getting Your Mortgage
In our previous article, we talked about how to get better mortgage rates during the home buying spree to ease the stress of future repayments. This article will focus on what the someone are self-employed and sole traders need to be aware of when taking out a...
Upcoming changes to VAT penalties and interest charges！
HMRC has released an important update today (more detailed guidance will be released in December 2022), and this update will concern every taxpayer. From 1 January 2023 the default surcharge will be replaced by a new penalty if you delay filing your VAT return or...
Business Rates To Be Hot Topic In The Autumn Budget
Rishi Sunak is currently in the process of preparing for his Autumn Budget announcement. With the country in more debt than it has been for the last 50 years and businesses still reeling from the impact of the coronavirus, all eyes will be on him when he addresses the...
