HMRC have announced that there will be changes to VAT payments to help businesses cope during the Coronavirus (COVID-19) outbreak. If your VAT payment is due between 20th March 2020 and 30th June 2020 you have the option to defer Read more…
The UK Government has announced the implementation of a temporary support package to help support businesses during the COVID-19 outbreak. According to GOV.UK: To see further details and check your eligibility check the GOV.UK website. If you would like any Read more…
Tax Rates and Thresholds Update HMRC have released the updated tax rates and thresholds, unless otherwise stated these apply from 6 April 2020 to 5 April 2021. Some small changes have been made, but overall it is quite similar to Read more…
VAT Reverse Charge is a major change to how VAT is collected in the building and construction industry. It will affect how you account for VAT if you buy or sell in construction services. This change is due to take Read more…