Domestic Reverse Charge for the Construction Industry
After several delays, the Government has now formally announced that the domestic reverse charge rules for the building and construction industry will be introduced effective from the 1st March 2021. You are recommended to read this synopsis and to use…
Read moreVAT Registered? Are you ready for Making Tax Digital (MTD)
From 1 April 2019, VAT registered businesses with turnover above the VAT registration threshold (currently £85,000) will be required to keep digital records, and submit their VAT returns via the Making Tax Digital system (MTD). VAT registered businesses with turnover…
Read moreReminder of new VAT online filing rules
HM Revenue and Customs (HMRC) has reminded businesses of changes to the rules on VAT which mean that many must now file returns and make payments online. Under the new rules, existing VAT-registered businesses with annual turnovers of £100,000 or…
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