Insights
Our experts provide their insights on the latest industry developments and share tips on accountancy and business matters.
06 September 2019
Good news for the construction sector as reverse charge VAT change is delayed by a yearHMRC 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.
Tony Cochrane
VAT Senior Manager
06 September 2019
Is VAT ever recoverable on buying a car?The recovery of VAT on cars has always been a contentious area for UK businesses. A recent First Tier Tribunal case over such VAT recovery has found in the taxpayer’s favour. This case may be of interest to VAT registered businesses that have incurred VAT on the purchase of cars exclusively for their business purposes.
30 August 2019
A ‘No Deal’ Brexit: Considerations and Preparation for Scottish businessesIt’s almost impossible to avoid the phrase “No Deal Brexit” at the moment. It’s everywhere – on the radio, in the papers and all over the internet. Depending on your source, it’s almost inevitable or increasingly likely or just possible….but what does it actually mean? What are the implications for the Scottish business community and can you do anything now to prepare.
22 August 2019
HMRC announce auto-enrolment for UK businesses for a UK EORI numberFollowing the announcement that the UK government plans to enrol VAT registered firms with an EORI number to allow them to continue trading with the EU in the event of a No Deal Brexit, accountancy and business advisory firm Johnston Carmichael highlights its importance to firms trading internationally.
21 August 2019
Changes to VAT treatment of energy saving materials from 1 October 2019Changes are being introduced from 1 October 2019 which will result in the supply of certain Energy Saving Materials (ESMs) being subject to VAT at 20% rather than 5%.
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