Specialist Tax Regulatory Materials
The ATT has reported that HMRC is contacting taxpayers who file annual VAT returns, to remind them that the pre-MTD online VAT return portal closes from 15 May 2023.
Jurisdiction(s): England, Northern Ireland, Scotland and Wales
Sales, advertising and marketingExpenditure on sales, advertising and marketing activities may include amounts which are disallowable for the purposes of calculating trading profits. This may be because the expenditure is:鈥apital in nature (see the Capital vs revenue expenditure guidance note)鈥ot
Interest on late paid taxIntroductionInterest on late paid tax is a compulsory charge set out in legislation to reflect the interest which would have accrued to the Exchequer had the correct amount of tax been paid at the right time.Harmonised legislation was introduced in 2009 to:鈥et statutory
Withholding taxIntroductionUK tax must be withheld on UK payments including:鈥nterest鈥oyalties鈥ental incomeUK withholding tax may be reduced under the provisions of a double tax treaty (DTT). Prior to 1 June 2021, payments of interest and royalties made to EU resident associated companies were
