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Can anyone get a tax enquiry?

Each year HM Revenue & Customs (HMRC) undertake an enormous number of tax enquiries into individuals and businesses to check they have paid the right amount of tax. Since 2010 HMRC have strengthened their approach to enquiry work by using wider powers and sophisticated software and consequently a record £36.9 billion of additional tax revenue […]

What is the VAT reverse charge?

From the 1st March, the VAT reverse charge scheme now applies to construction. If you work in the construction industry and are VAT registered, this applies to you, your suppliers and your customers. If you are not VAT registered or do not work in the construction sector you can ignore this blog but feel free to […]

Whats happening with Brexit?

The UK Prime Minister, Boris Johnson, UK Chief negotiator David Frost and EU negotiator Michel Barnier continue to offer differing messages to the public about Brexit, some are positive, some ambivalent and occasionally negative remarks about the negotiations. It is hard to see through the comments made and whether we can take them at face […]

VAT – REDUCED RATE OF 5%

VAT – REDUCED RATE OF 5% The government made an announcement on 8 July 2020 allowing VAT registered businesses to apply a temporary 5% reduced rate of VAT to certain supplies relating to: hospitality hotel and holiday accommodation admissions to certain attractions The temporary reduced rate will apply to supplies that are made between 15 […]

Businesses Need To Reinstate VAT Direct Debits

The deferral of VAT payments due to coronavirus comes to an end on 30 June and businesses need to take action to reinstate their direct debit mandates. The Institute of Chartered accountants in England and Wales (ICAEW) Tax Faculty has reminded its members. The VAT payment deferral means that all UK VAT-registered businesses have the […]

What Is Making Tax Digital?

Fact:  All of our clients are Making Tax Digital (MTD) compliant because they use the latest online accounting software provided by the market leaders – Sage and Xero. What is Making Tax Digital (MTD)? Making Tax Digital (MTD) is a government initiative which aims to transform the administration of tax to create a simpler, more […]

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Is It Time to Electrify Your Double Cab Pickups?

Understanding the Changing Tax Landscape Current Tax Benefits: A Favorable Position Double cab pickups are the backbone of the construction industry, serving as both reliable haulers for equipment and convenient transportation for workers and their families. Yet, looming changes in tax regulations could reshape the landscape for these indispensable vehicles. The Impact of Tax Changes […]