Construction Industry – VAT Domestic Reverse Charge

IMPORTANT INFORMATION FOR BUSINESSES WORKING IN THE CONSTRUCTION SECTOR The introduction of the Domestic Reverse Charge (“DRC”) for construction services will come into force on 1 October 2019 and we want to make sure all our clients are ready for the changes as there...

VAT – Direct Debit Payment “Teething Issues”

This is an important note for businesses which recently migrated to Making Tax Digital. It appears that there have been some errors in the way HMRC is collecting VAT payments since the move to MTD. When your company moved over to MTD, HMRC will have contacted your...

Chancellor’s Budget 2018

The Chancellor, Phillip Hammond, delivered his latest budget on Monday 29th October, and now that the dust has settled we can give you our version of events. Billed as an end to austerity, there were certainly some good points for businesses and individuals. Naturally...

Making Tax Digital

HMRC have published a document entitled Making Tax Digital Research – Attitudes, Behaviour and Engagement, which reports on research undertaken to help HMRC understand how individual customers and agents respond to the core principles of MTD. The key objectives...

HMRC consult on BIK changes

Following the recent consultation covering the taxation of employee expenses (as announced in the Autumn 2017 Budget), draft Finance Bill 2018-19 contains proposals to amend some of the existing rules concerning travel and subsistence payments. BSRs and OSRs...

VAT treatment of vouchers

A summary of responses to HMRC’s consultation on VAT and vouchers was published on 6 July 2018. The consultation sought views about proposed new rules for the VAT treatment of vouchers and gift cards. The consultation focussed on how an EU directive, providing...