HMRC urges taxpayers to file returns before Christmas
Submitting self-assessments early will avoid late penalties.
New VAT penalty regime starts from 1 January
Default surcharge to be replaced by a fixed rate, points based system.
Government sets out overhaul of banking rules
The package of over 30 reforms will “cut red tape” and “turbocharge growth”.
Registration criteria updated for MTD ITSA
Both individual taxpayers and agents will be affected.
Government launches review into tackling late payments for SMEs
UK businesses are currently owed £23.4bn in outstanding invoices.