New VAT penalty regime starts from 1 January
Default surcharge to be replaced by a fixed rate, points based system.
Default surcharge to be replaced by a fixed rate, points based system.
The package of over 30 reforms will “cut red tape” and “turbocharge growth”.
Both individual taxpayers and agents will be affected.
A Government review into outstanding invoices to be launched.
Businesses fear closure if energy relief ends in Spring 2023.