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Domestic Reverse Charge in Construction Industry 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 […]
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Making Tax Digital 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
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Cloud Computing & Accounting Cloud computing and accounting software bears similitude and contrast to contemporary and widely used desktop applications, similar in the sense that they can be used from desktops and on premises but instead of them being installed on the standalone machine they are serviced through the cloud and can be accessed through
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Making Tax Digital (MTD) 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
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Brexit and Intrastat Changes 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
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