Making Tax Digital for VAT

  Since April 2019, if you run a VAT-registered business and exceed the VAT registration threshold of £85,000 turnover, then you should be keeping digital records and using MTD-compatible software for sending VAT returns to HMRC. Luckily, if you are…

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Reverse Charge for VAT Delayed Until 2020

  Earlier in the year, we told you all about a new measure by HMRC relating to the reverse charge of VAT for building and construction services that was due to come into effect on 1 October 2019. It was…

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Reverse Charge for Building and Construction Services

  Who will be impacted by the changes? Businesses that are involved in the buying and selling of construction services are likely to be affected. It will not apply to zero-rated supplies of construction services.   What are the changes?…

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Summer Budget 2015: Expectations

We haven’t had a full Conservative budget since 1997, but since the Conservatives won a majority vote at the General Election in May, times are changing. The Chancellor George Osborne announced an emergency Summer Budget a couple of months ago,…

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