The Accounting and Tax Summit - VAT Update - Penalty & MTD
Category: Tax | Duration: 1hr | Tag: VODUKATS224 | Type: Video | Speaker: Jason Croke
Course Details
This session looks at the existing penalties regime, some of which will change from April 2023 with some new penalty conditions coming into play, which isn’t necessarily bad news as the new penalties appear fairer. In addition, Making Tax Digital is now mandatory for all VAT registered businesses, and we will explore the basics of what MTD aims to achieve and how that can be implemented at an operational level.
In this session Jason Croke will cover the following:
- New penalty regime in April 2023
- Existing penalty regime refresher
- Mitigation of penalties
- Making Tax Digital – The Basics
- Making Tax Digital - Practical application
The aim of this session is to refresh your understanding of the existing penalty regimes for VAT and also the new penalties from April 2023. In addition, we revisit the basics of Making Tax Digital and some practical aspects of ensuring compliance.
CPD Course Speaker
VAT Director Rayner Essex
Jason Croke
Jason has over 20 years’ experience working exclusively in indirect taxes (VAT, import duty, SDLT) with owner-managed businesses, corporates and not for profit sectors. He particularly enjoys challenging HMRC decisions, representing clients in tribunals or during inspections.
His experience includes land and property, partial exemption and European VAT matters but equally happy with a VAT registration request too. Jason also advises on other indirect taxes such import duty and Stamp Duty Land Tax.
VAT and duty is a complicated subject, his main strength is being able to explain complex law in an easy-to-understand manner, enabling clients to understand what the problem is and crucially, what the solution is too.
It has often been said that he actually makes the subject of VAT sound interesting, but we will let you be the judge of that!
In his spare time, Jason likes cycling, regular (but not obsessive) trips to the gym, skiing in winter and hiking in the summer and is married with one teenage daughter.
His experience includes land and property, partial exemption and European VAT matters but equally happy with a VAT registration request too. Jason also advises on other indirect taxes such import duty and Stamp Duty Land Tax.
VAT and duty is a complicated subject, his main strength is being able to explain complex law in an easy-to-understand manner, enabling clients to understand what the problem is and crucially, what the solution is too.
It has often been said that he actually makes the subject of VAT sound interesting, but we will let you be the judge of that!
In his spare time, Jason likes cycling, regular (but not obsessive) trips to the gym, skiing in winter and hiking in the summer and is married with one teenage daughter.