Default surcharge to be replaced by a fixed rate, points based system.
New VAT penalty regime starts from 1 January
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Government Announcements
Government sets out overhaul of banking rules
The package of over 30 reforms will “cut red tape” and “turbocharge growth”.
Registration criteria updated for MTD ITSA
Both individual taxpayers and agents will be affected.
Government launches review into tackling late payments for SMEs
UK businesses are currently owed £23.4bn in outstanding invoices.
One in four small firms fear closure
Small firms’ survival depends on Government support.
Companies urged to file accounts online
Accounts must be submitted by 31 December.
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