New Tax Rules 2023: Change to option to tax and New Vat Penalty Regime | Shaz Nawaz

Are you ready for the tax changes coming in 2023? With the new tax rules, there will be changes to the option to tax and the introduction of a new VAT penalty regime.

In this video, we will discuss the new tax rules, what they mean and how they affect you. We will discuss the new option to tax and the new VAT penalty regime.

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𝐒𝐡𝐚𝐳 𝐍𝐚𝐰𝐚𝐳 𝐁𝐀 𝐌𝐀 𝐀𝐂𝐀

𝐊𝐧𝐨𝐰𝐧 𝐚𝐬 𝐓𝐡𝐞 𝐏𝐫𝐨𝐟𝐢𝐭𝐬 𝐖𝐢𝐳𝐚𝐫𝐝, 𝐢𝐬 𝐚 𝐛𝐮𝐬𝐢𝐧𝐞𝐬𝐬 𝐜𝐨𝐧𝐬𝐮𝐥𝐭𝐚𝐧𝐭 𝐰𝐡𝐨 𝐡𝐚𝐬 𝐥𝐞𝐝 𝐭𝐡𝐨𝐮𝐬𝐚𝐧𝐝𝐬 𝐨𝐟 𝐛𝐮𝐬𝐢𝐧𝐞𝐬𝐬𝐞𝐬 𝐭𝐨 𝐠𝐫𝐞𝐚𝐭𝐞𝐫 𝐠𝐫𝐨𝐰𝐭𝐡 𝐚𝐧𝐝 𝐩𝐫𝐨𝐟𝐢𝐭 𝐢𝐧 𝐚𝐥𝐥 𝐬𝐞𝐜𝐭𝐨𝐫𝐬. 𝐒𝐡𝐚𝐳 𝐢𝐬 𝐦𝐨𝐭𝐢𝐯𝐚𝐭𝐞𝐝 𝐛𝐲 𝐬𝐡𝐚𝐫𝐢𝐧𝐠 𝐭𝐡𝐞 𝐩𝐨𝐰𝐞𝐫𝐟𝐮𝐥 𝐥𝐞𝐬𝐬𝐨𝐧𝐬 𝐡𝐞'𝐬 𝐥𝐞𝐚𝐫𝐧𝐞𝐝 𝐚𝐥𝐨𝐧𝐠 𝐭𝐡𝐞 𝐰𝐚𝐲, 𝐭𝐡𝐞 𝐬𝐞𝐜𝐫𝐞𝐭𝐬 𝐭𝐡𝐚𝐭 𝐚𝐫𝐞 𝐧𝐨𝐰 𝐦𝐚𝐤𝐢𝐧𝐠 𝐡𝐢𝐬 𝐜𝐥𝐢𝐞𝐧𝐭𝐬 𝐬𝐨 𝐬𝐮𝐜𝐜𝐞𝐬𝐬𝐟𝐮𝐥, 𝐰𝐡𝐢𝐜𝐡 𝐡𝐞 𝐚𝐥𝐬𝐨 𝐬𝐡𝐚𝐫𝐞𝐬 𝐚𝐬 𝐚 𝐦𝐮𝐜𝐡 𝐬𝐨𝐮𝐠𝐡𝐭 𝐚𝐟𝐭𝐞𝐫 𝐤𝐞𝐲𝐧𝐨𝐭𝐞 𝐬𝐩𝐞𝐚𝐤𝐞𝐫 𝐚𝐧𝐝 𝐰𝐨𝐫𝐤𝐬𝐡𝐨𝐩 𝐥𝐞𝐚𝐝𝐞𝐫. 𝐎𝐯𝐞𝐫 𝐭𝐡𝐞 𝐩𝐚𝐬𝐭 𝟏𝟒 𝐲𝐞𝐚𝐫𝐬, 𝐒𝐡𝐚𝐳'𝐬 𝐜𝐥𝐢𝐞𝐧𝐭𝐬 𝐚𝐫𝐞 𝐞𝐧𝐣𝐨𝐲𝐢𝐧𝐠 𝐦𝐨𝐫𝐞 𝐭𝐡𝐚𝐧 £𝟏𝟎𝟎 𝐦𝐢𝐥𝐥𝐢𝐨𝐧 𝐢𝐧 𝐞𝐱𝐭𝐫𝐚 𝐭𝐮𝐫𝐧𝐨𝐯𝐞𝐫 𝐠𝐞𝐧𝐞𝐫𝐚𝐭𝐞𝐝 𝐚𝐬 𝐚 𝐫𝐞𝐬𝐮𝐥𝐭 𝐨𝐟 𝐡𝐢𝐬 𝐚𝐝𝐯𝐢𝐜𝐞.

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