Information on the rates of Plastic Packaging Tax

Information on the rates of Plastic Packaging Tax The introduction of the Plastic Packaging Tax (PPT) came into effect on 1 April 2022.  This article provides an overview of the principles of how the tax works, and who it could impact in the UK.   What is the current and historic rates of Plastic Packaging […]

VAT cut on energy efficient materials- Spring Statement 2022

With effect from 1st April 2022, the Government have implemented temporary measures to zero-rate VAT applicable on the installation of qualifying energy-saving materials and heating equipment.  The changes were announced in the Chancellor’s Spring budget, in a move set to financially incentivise energy efficiency in homes, amid the rising cost of energy prices and ‘green’ […]

Changes to Making Tax Digital for VAT from 1st April 2022

Who will be affected? Under previous guidelines, only businesses whose taxable turnover met or exceeded the VAT registration threshold were required to register for Making Tax Digital (MTD). However, HMRC have extended requirements to smaller VAT business which will come into force from the first full VAT period starting on or after 1st April 2022. […]