Insights

Nicola Sargeant

Tax Manager

25 September 2019

Are you aware of the Capital Gains Tax changes coming into effect 6 April 2020?

The current tax rules for non-UK residents selling UK property that require a non-resident capital gains tax (CGT) return to be completed are to be extended from 6 April 2020 to include the sale of UK residential property by UK residents.

Nigel Roberts

VAT Director and Head of VAT & Duty

06 September 2019

Good news for the construction sector as reverse charge VAT change is delayed by a year

HMRC has today announced that the introduction of the construction industry VAT reverse charge, due to come into effect on 1 October this year, has been postponed for 12 months.

Nigel Roberts

VAT Director and Head of VAT & Duty

31 July 2019

Should you remain in the VAT Flat Rate Scheme after 1 October?

From 1 October 2019 a domestic “reverse charge” rule will be in force, affecting the VAT treatment of supplies in the construction sector. Businesses who remain in the Flat Rate Scheme may be worse off if they don’t revert to standard VAT accounting before 1 October.

Nigel Roberts

VAT Director and Head of VAT & Duty

20 June 2019

Major VAT changes in the construction industry – is your business ready?

From 1 October 2019 significant changes are being introduced to the VAT treatment of supplies in the construction industry. A domestic “reverse charge” rule is being introduced and for many businesses this may result in a reduced level of cashflow. Understanding how this might impact your business now will allow you to prepare for the changes.

Max Chassels

Tax Director

04 April 2019

HMRC proposal to restrict tax relief on the sale of main residencies

From 6 April 2020 it is expected two changes to Private Residence Relief will come into force, which will restrict the tax relief available on the disposal of main residences.

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