IFAC accelerates engagement on anti-corruption and anti-money...
As evolving threats such as climate change, artificial intelligence, and geopolitical conflicts put increasing...
READ MOREPenalty regime for VAT returns to be overhauled in 2022
Last week’s Budget included confirmation of a new penalty regime for the late submission and payment of VAT returns, explains Sarah Halsted, national VAT technical officer at RSM.
First mooted in 2016, the new system will come into effect for VAT return periods beginning on or after 1 April 2022 and will bring VAT more closely in line with existing penalties which apply to direct tax returns.
Read more at Accountancy Daily.
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