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Construction Industry

Crown Preference – what you need to know!

30th November 2020 | Written by In Accountancy | Categories : Construction Industry, Limited Companies, News, Small Business Advice, Tax Advice
Tagged in: insolvency, Tax,
Crown Preference – what you need to know!

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 forget that there is another change that will impact the
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Annual Investment Allowance – time is running out

9th November 2020 | Written by In Accountancy | Categories : Construction Industry, Limited Companies, News, Small Business Advice, Tax Advice
Tagged in:
Annual Investment Allowance – time is running out

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 temporary increase in Annual Investment Allowance of £1,000,000 which applies
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Chancellor Commits to Review of IR35

12th January 2020 | Written by In Accountancy | Categories : Client News, Construction Industry, Contractors, News, Sole Traders
Tagged in: IR35, the Chancellor,
Chancellor Commits to Review of IR35

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.


VAT Domestic Reverse Charge For Building And Construction Services Delayed

24th October 2019 | Written by In Accountancy | Categories : Client News, Construction Industry, Limited Companies, News, Small Business Advice, Tax Advice
Tagged in: CIS, supplier, VAT,
VAT Domestic Reverse Charge For Building And Construction Services Delayed

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 VAT fraud. According to the government, large amounts of VAT
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VAT Changes May Cause Construction Chaos

25th August 2019 | Written by In Accountancy | Categories : Construction Industry, Limited Companies, Tax Advice
Tagged in: CIS, VAT, VAT Registered,
VAT Changes May Cause Construction Chaos

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 this year may cause chaos. The VAT domestic reverse charge
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DELAYED…Construction Industry – VAT domestic reverse charges

22nd August 2019 | Written by In Accountancy | Categories : Construction Industry, Contractors, News
Tagged in: CIS, sub-contractors, VAT,
DELAYED…Construction Industry – VAT domestic reverse charges

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 ARTICLE FOLLOWS BELOW: More changes are afoot from 1 October
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