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If you are involved in construction services then you need to know about the UK VAT Domestic Reverse Charge (DRC)! 🏗️
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 handled for those working in
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 is a categorical YES you
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 fast-moving landscape, especially when you
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 basics that every business owner
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 corner, it is easy to
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 and take advantage of the
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 of a government clamp-down on
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 sector which takes effect later
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 until 1 October 2020. ORIGINAL
