Here is an official letter that HMRC have just sent out to their customers relating to new penalties for submitting VAT returns or paying VAT late. Apologies if you are already aware of this but it is a useful reminder if you have not yet picked up on the new regime. Particularly important if you...

Next quarterly or monthly VAT return must be filed using MTD-compatible software From Tuesday 1 November 2022, businesses will no longer be able to use their existing VAT online account to file their quarterly or monthly VAT returns. Businesses that file annual VAT returns will still be able to use their VAT online account until...