Reverse charge VAT for the construction industry

08 Oct 19 | Business tax, VAT

A change to the VAT system was set to take place on 1 October 2019 – but that’s now been pushed back to 2020. The news was welcomed by campaigners, who had argued that contractors and subcontractors in the construction industry needed more time to prepare. The...

Making Tax Digital for VAT: deadline reminder

13 Feb 19 | VAT

It’s a matter of months before thousands of businesses will be required to take part in the Government’s new programme, Making Tax Digital (MTD) for VAT. If your business is VAT-registered and has annual taxable turnover above £85,000, you could be included from as...

The VAT flat rate scheme: is it still useful?

28 Jun 17 | VAT

The VAT flat rate scheme: is it still useful? The government announced a new restriction on the use of the VAT flat rate scheme in the Autumn Statement 2016. In response to what chancellor Phillip Hammond called the “inappropriate use” of the scheme, businesses with...