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Jul 12, 2019
HMRC is introducing a ‘domestic reverse charge’ for building services, meaning the construction industry will have to start using a new method of accounting for VAT.
Apr 16, 2019
Read our step-by-step guide on how to sign up for MTD for VAT, so you are fully compliant with the new rules before your next VAT return is due.
Mar 12, 2019
With the new rules for Making Tax Digital for VAT coming in April 2019, it’s now even more important to know if and when you need to register your business for VAT in order to avoid a fine from HMRC.
Despite all the uncertainty surrounding Brexit, the clock is still ticking to 1 April 2019, when MTD for VAT comes into force and businesses will have to change the way they submit VAT. Here’s how to make sure you’re ready.
There are fewer than 150 days remaining until the UK is scheduled to leave the EU, and there’s still a huge amount of uncertainty around the type of deal which will be secured. Small and medium sized businesses (SMEs), whether they trade with EU countries or not, could face a substantial amount of financial ambiguity at this time, and so it pays to be sufficiently prepared.
Jul 06, 2018
Under new rules due to come in on 1 October 2019, builders, sub-contractors and other trades associated with the construction industry will have to get their heads around a new method of accounting for VAT – dubbed the reverse charge.
Jun 07, 2018
The current VAT threshold is considered a barrier to growth for small businesses, and alternative options are being considered to smooth its ‘cliff-edge’ effect.
In his Autumn Budget, the Chancellor announced a freeze of the VAT registration threshold at £85,000 for two years, which may have wider implications than are first apparent.
Dec 08, 2017
As part of the Chancellor’s Autumn Statement 2016, a new VAT flat rate percentage of 16.5% will be introduced from 1 April 2017.
Dec 01, 2016