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Latest news, insights, and expert advice for UK businesses.
More Details on Hospitality VAT Reduction
There was a number of areas that needed clarification when the Chancellor announced a temporary cut in the rate of...
VAT Reverse Charge: Does it affect you?
The Government is introducing a VAT reverse charge on certain building and construction services. The legislation will come into effect...
No Deal Brexit and its Impact on VAT
The government and HMRC have recently updated their ‘partnership packs’. The packs were created with the intention of helping businesses prepare...
VAT Guidance Issued on Making Tax Digital (MTD)
HMRC has now issued detailed guidance on record keeping and return requirements for Making Tax Digital (MTD). VAT Notice 700/22 clarifies that...
New VAT Rules for the Building Trade
Due date for the legislation Under new rules due to come in on 1 October 2019 builders, sub-contractors and other...
Does your Accounts System comply with Making Tax Digital for VAT?
Making Tax Digital (MTD) for VAT is scheduled to start in April 2019 which means that your VAT information needs...
5 Reasons You Need an Accountant
1. Help you understand your obligations A Xero study revealed that a quarter of small business owners didn’t understand their tax obligations....
5 Advantages of Furnished Holiday Lettings
Many of the recent changes in the taxation of buy to let rental businesses do not apply to property businesses...
Reporting of Expenses to HMRC and Benefits Provided to Employees
HMRC Toolkits HMRC have recently updated their toolkit dealing with the reporting of expenses and benefits provided to employees and...
SDLT Relief for First Time Buyers
“Building a Britain fit for the future” This was the main theme of Chancellor Phillip Hammond’s second budget as he...