Insights
Our experts provide their insights on the latest industry developments and share tips on accountancy and business matters.
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.
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.
04 April 2019
HMRC proposal to restrict tax relief on the sale of main residenciesFrom 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.
Claire Maxwell
Tax Senior Manager
19 March 2019
Tax charges on second propertiesOwning a second property as a holiday home or as a landlord has long been attractive to investors. If you are tempted to join the ranks of second home owners, you need to be clear on the tax charges you could face on purchasing your property.
Tony Cochrane
VAT Senior Manager
27 January 2019
Construction sub-contractor left out of pocket after VAT caseIn the recent J&B Hopkins (“J&BH”) Upper Tier Tax Tribunal VAT case the court agreed with HMRC’s assessing the business for underpaid VAT, as the business felt this would unjustly enrich HMRC.
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