In the current times of economic uncertainty, the construction industry has welcomed the delay to the domestic reverse charge VAT for construction services scheme, due for implementation on 1st October 2020. The scheme first announced in November 2018, ...
Earlier this month HMRC announced a delay to the new VAT regime for the Construction Industry. The major change to VAT legislation within the sector was due to come into force on 1st October 2019, affecting the way invoicing and payment of VAT is charged ...
..and this time it’s the Construction Industry that’s firmly in HMRC’s sights. On 1st October 2019 a new VAT regime will be implemented within the building and construction industry. This scheme, the Domestic Reverse Charge will require VAT registered bu ...
We often get asked about claiming for the cost of fuel used for business purposes and what happens if such business fuel also gets used for personal trips as well. As with all expense legislation, there are several different methods and it all depends on ...
Today (1st April 2019), marks the arrival of Making Tax Digital (MTD), HMRC's new VAT regime which requires all eligible businesses with a taxable turnover above £85,000 to keep digital records and submit their VAT returns using approved software. Many ...