This is an image those who submit VAT returns will be very familiar with! Well …. This screen is being “turned off” for all businesses with turnover exceeding £85,000 for VAT Quarters ending on 30th June and beyond! From that date, you will have to submit VAT returns...read more
What will be in the financial sector’s New Tax Year resolution list? The last year has been another year of interminable change for those looking after the tax affairs temporary workers, with many important changes announced from Making Tax Digital for VAT being...read more
Domestic reverse charge VAT for construction services in October 2019 – may not apply to Recruitment Agencies!
The new reverse charge for VAT will become mandatory in October 2019 for the construction industry, meaning the recipient not the supplier has to account for VAT charges. In simple terms this means instead of the construction company declaring VAT to HMRC themselves...read more
With the clocks set to change imminently we are all reminded that Spring is fast approaching, meaning we can soon forget about the bitter Winter months, however, spring not only brings us new life in the form of flowers and lambs but also HMRC’s latest legislation -...read more