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Tag: VAT

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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Experts Warning Over Insolvency Debts

16th October 2019 | Written by In Accountancy | Categories : Client News, News, Tax Advice
Tagged in: CIS, PAYE, small business, Tax, VAT,
Experts Warning Over Insolvency Debts

Prioritising HMRC over other creditors in insolvencies will have a ‘negative impact on the UK’s economic growth’, experts have warned Chancellor of the Exchequer Sajid Javid. The warning was issued in a letter from 11 business organisations and insolvency experts
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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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Employer Bulletin – Latest Guidance

31st July 2019 | Written by In Accountancy | Categories : News
Tagged in: GDPR, HMRC, VAT,
Employer Bulletin – Latest Guidance

HMRC has issued the June 2019 edition of the Employer Bulletin. This includes articles on a number of issues including: labour supply chain fraud using loans to avoid Optional Remuneration Rules re-enrolment of staff back into a workplace pension scheme
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Consultation on the Operation of Insurance Premium Tax

26th July 2019 | Written by In Accountancy | Categories : News, Tax Advice
Tagged in: HMRC, Tax, VAT,
Consultation on the Operation of Insurance Premium Tax

HMRC has launched a consultation to review the extent to which the emerging practices are leading to ‘unfair tax outcomes’ in the administration and collection of Insurance Premium Tax (IPT). HMRC’s consultation document states: ‘We have been made aware of
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MTD for VAT Latest

11th July 2019 | Written by In Accountancy | Categories : Limited Companies, News
Tagged in: HMRC, Tax, VAT,
MTD for VAT Latest

HMRC is phasing in its landmark Making Tax Digital (MTD) regime, which will ultimately require taxpayers to move to a fully digital tax system. Under the rules, businesses with a taxable turnover above the VAT threshold(currently £85,000)must keep digital records
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VAT Fuel Scale Charges

10th June 2019 | Written by In Accountancy | Categories : Limited Companies, Tax Advice
VAT Fuel Scale Charges

HMRC has issued details of the updated VAT fuel scale charges which apply from the beginning of the next prescribed VAT accounting period starting on or after 1 May 2019. VAT registered businesses use the fuel scale charges to account
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MTD for VAT

15th April 2019 | Written by In Accountancy | Categories : Client News, Limited Companies, Tax Advice
MTD for VAT

HMRC is phasing in its landmark Making Tax Digital (MTD) regime, which will ultimately require taxpayers to move to a fully digital tax system. Under the new rules, businesses with a taxable turnover above the VAT threshold (currently £85,000) must keep digital
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Start Date Looming For Making Tax Digital For VAT

18th March 2019 | Written by In Accountancy | Categories : Limited Companies, Tax Advice
Start Date Looming For Making Tax Digital For VAT

The Financial Secretary to the Treasury, Mel Stride, has made a statement to the House of Commons setting out HMRC’s progress on delivery of Making Tax Digital (MTD). He confirmed there would be no further delays in implementation. For most
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Brexit VAT Update

28th February 2019 | Written by In Accountancy | Categories : Limited Companies, News
Tagged in: Accountancy, Brexit, VAT,
Brexit VAT Update

Brexit VAT Update: While you may be rather bored of Brexit dominating the news at present, we thought it important to try to cut through the noise and give you some really clear bullet points on how a ‘no deal’
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MTD for VAT – Pilot Extended to all Eligible Businesses

7th February 2019 | Written by In Accountancy | Categories : Limited Companies, Tax Advice
MTD for VAT – Pilot Extended to all Eligible Businesses

HMRC has extended its Making Tax Digital for VAT (MTDfV) pilot scheme to all eligible businesses. For most businesses, compliance with the regulations is mandated for VAT return periods beginning on or after 1 April 2019. However, MTDfV for some
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