The New VAT Penalties Explained

The New VAT Penalties Explained

The new penalties are designed to be fairer and more proportionate for businesses who submit their VAT returns or pay their VAT late. The penalties will impact monthly returns and payments that are due by 7th March 2023.   The changes to VAT penalties and interest...
Minimum Wage Increase UK 2023 – Payroll

Minimum Wage Increase UK 2023 – Payroll

From the 1st April 2023 the minimum wage in the UK will be increasing The Government has announced the rates of the National Living Wage (NLW) and National Minimum Wage (NMW) which will come into force from April 2023. The new rates are as shown below: Rate from April...