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Free Accounting and Advisory Resources

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Jan29

Latest News

Tax E-News February 2021

BUDGET DAY IS 3 MARCH There has been a lot of speculation on what will be in Rishi Sunak’s second Budget in early March and […]

Jan21

Latest News

Construction Industry VAT Reverse Charge – REMINDER

In order to counteract fraud in the industry, a new VAT reverse charge mechanism is being introduced so that the contractor rather than the sub-contractor accounts for VAT. The assumption is that contractors will be larger and more likely to be compliant and as a result, it is less likely that VAT will lost as a result of sub-contractors being paid VAT and then disappearing without paying it over to HMRC.