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VAT: Building and Construction Services Reverse Charge

Sharing this note published by HMRC today.  These changes for construction businesses, starting in October 2010, have not received much publicity as yet. This reverse charge measure comes into effect on 1 October this year. Further information on the scope of the...

MTD well underway

The latest guidance now the first quarter is well underway. The first quarter is now well underway, covering 1 April to 30 June. VAT 700/22: Making Tax Digital for Vat has been updated with guidance on a number of areas added, covering supplier statements, petty cash...

VAT return adjustments

New rules from HMRC will affect how VAT returns are adjusted. Draft regulations from HMRC will change Regulation 38. The changes are designed to ensure that businesses can only adjust their output tax where there has been a genuine price reduction and they have...

MTD – getting it right first time

If you have yet to act, follow our guidance to avoid any last minute chaos. Businesses will be filing their last VAT return under the old filing system for their March 2019 month/quarter end. If they are not using any software, they must maintain digital records from...