Howz-VAT: HMRC reverse charge is out (for now) After an emotional rollercoaster of a summer for English Cricket fans HMRC has accepted the construction sectors ‘appeal’ for a ‘review’ of the Reverse Charge VAT legislation, due to come in to force on the 1st October...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
The motto of the famous Yale University is “Lux et Veritas”, meaning “Light and truth”, and looking a bit closer to home, the Liverpool John Moores University will tell you that “Fortune assists the bold”. Both are very profound, but at My Digital Accounts, we like to...read more