The new measure relating to the reverse charge of VAT for building and construction services will come into effect on 1 March 2021.

An umbrella company engages employees by way of a contract of employment. This is an overarching contract of employment which provides continuous employment to an employee, whether they are working on an assignment or not.

The Chancellor, Rishi Sunak, delivered his ‘Summer Economic Update’ on Wednesday 11 March 2020, which sets out the UK Government’s masterplan to bounce back from the Covid-19 pandemic as lockdown starts to ease and businesses look to reopen.

You, as the employer, can purchase a bicycle through your Limited Company for the use of an employee. The cost of a bicycle and associated safety and security equipment will be allowable against company taxable profits and any VAT can be reclaimed, and should the below conditions be met it will also qualify as a tax-free benefit to the employee.