What is the Construction Industry Scheme (CIS)? The Construction Industry Scheme (CIS) is a set of rules and regulations that govern the way tax is
Can a ‘DIY housebuilder’ reclaim VAT spent on materials used to build their home, despite that as individuals they are not VAT registered? The answer
Day-to-day life is complicated enough for any construction firm without the added burden of deciphering construction accounting. Accounting for construction firms is a complex and
VAT stands for ‘Value Added Tax’, and essentially is a sales tax on almost all goods and services considered ‘non-essential’ This article covers the VAT
What is Crown preference? Why does it make a difference? Will it impact a personal guarantee? In the World of Covid, with Brexit around the
The Annual Investment Allowance will revert to £200,000 on 1 January 2021, so you have just over six weeks to commit to any capital spend
The Chancellor of the Exchequer, Sajid Javid has announced that the major review of all aspects of self-employment, promised in the Conservatives’ manifesto, will include the proposed extension of the Off-Payroll working rules to the private sector from April 2020.
HMRC has announced a one-year delay to the introduction of the VAT domestic reverse charge for building and construction services. The reverse charge represents part
The Federation of Master Builders (FMB) is warning that a major change in the way that VAT is accounted for in the building and construction
GREAT NEWS – A plan by HMRC to introduce new procedures for paying VAT in the building and construction industry have been postponed for 12 months
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