penalty regime Archives - WRLO Accountants https://www.wrloaccountants.co.uk/tag/penalty-regime/ Chartered Accountants & Business Advisors Wed, 22 Sep 2021 16:29:13 +0000 en-GB hourly 1 https://wordpress.org/?v=7.0 https://www.wrloaccountants.co.uk/wp-content/uploads/2018/01/cropped-WRLO-logo-big-32x32.jpg penalty regime Archives - WRLO Accountants https://www.wrloaccountants.co.uk/tag/penalty-regime/ 32 32 September 2021 https://www.wrloaccountants.co.uk/september-2021/ Fri, 03 Sep 2021 16:47:45 +0000 https://www.wrloaccountants.co.uk/?p=3441 In this month’s Enews we consider HMRC’s changes to late payment penalties; the consultation on how digital marketplaces should collect and share information; and warnings over stamp duty refund claims. With guidance on digital tax scams, national minimum wage penalties and the latest advisory fuel rates, there is a lot to update you on. HMRC outlines changes to late payment penalty regime Digital marketplaces to report sellers’ incomes from 2023 CIOT warns over stamp duty refund claims Contactless limit to increase to £100 from 15 October HMRC urges taxpayers to stay alert to digital scams BCC calls for government to extend skills training Advisory fuel rates for company cars Employers ‘named and shamed’ for paying less than minimum wage HMRC outlines changes to late payment penalty regime HMRC has published a policy paper outlining the forthcoming changes to the penalties for late payment and interest harmonisation for taxpayers. The government intends to reform sanctions for late submission and late payments to make them ‘fairer and more consistent across taxes’. Initially the changes will apply to VAT and Income Tax Self Assessment (ITSA).   The changes will see interest charges and repayment interest harmonised to bring VAT in line with other tax regimes, […]

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