Construction Industry – VAT Domestic Reverse Charge

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...

DOES THE VAT MAN OWE YOU SOMETHING?

DOES THE VAT MAN OWE YOU SOMETHING?

Imagine getting a cheque for £160,000 from HMRC!   Value Added Tax (VAT) is an extremely complex tax.  Even the most experienced bookkeepers can and do make serious errors – particularly if they are dealing with the more complicated areas of VAT. We undertake...

VAT – Direct Debit Payment “Teething Issues”

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...