Information

We have included some information that may be of interest to you.

1. Self-Assessment filing penalties
2. NIC holidays for new businesses
3. VAT crackdown
4. July self Assessment statements
5. Late PAYE payment penalties

VAT Crack-down

HM Revenue & Customs (HMRC) recently announced an initiative to crack down on VAT rule breakers. The new campaign will focus on individuals and businesses who are trading above the VAT threshold (currently 73,000 pa) but who have not yet registered for VAT.

The initiative is being discussed with interested parties to ensure HMRC has as much information from them as possible before launching the campaign later in the summer.

Nathan Charles, Unit 6 Eckland Lodge, Desborough Road
Market Harborough, Leicestershire. LE16 8HB
T: 01536 762399 E: info@nathancharles.co.uk