Year: 2015

HM Revenues and Customs has recently introduced Domestic Reverse Charge for VAT on construction industry. In this article our industry experts explains this new rule. According to the new VAT rules, subcontractors who are VAT registered will not charge VAT to VAT-registered businesses on certain construction services. Now in the new rules, the VAT registered […]

All VAT-registered businesses are required to comply with the rules outline by HMRC scheme Making Tax Digital (MTD). If you are new to MTD this is the right place understand about this scheme comply with rules if you missed out anything. Making Tax Digital is the important key part of the government future plans to […]

VAT in the UK has changed and is converted to MTD Making Tax Digital which is an important part of the government’s planning process to make it more convenient for sole traders, self-employed and businesses to be efficient and effective in their tax processing. HMRC’s MTD initiative is one of the most ambitious and digitally […]

It is important that all businesses regardless of the size ensure that they understand the Brexit consequences for their business and ensure that they are ready for any VAT compliance that is being levied upon then not only in the UK but also the European union. In case the businesses fail to implement the newest […]