New VAT rules for construction – March 2021
New VAT rules for the UK’s construction sector will come into effect from 1 March 2021. Referred to as ‘the domestic reverse charge for supplies of building and construction services,’ the changes will affect sub-contractors who supply their services to other... read more
It’s time to prepare for changes to IR35
As you may already be aware, it’s less than 70 days until changes to IR35 come into effect. At the moment, contractors who operate through their own personal service company (PSC) are responsible for ensuring they’re paying Income Tax and National Insurance. From 6... read more
COVID-19 Update #131: Paying coronavirus VAT deferrals
Earlier this year the government announced that businesses who have been adversely affected by coronavirus can defer their VAT payments. The deferral applied from 20 March 2020 until June 2020 and all UK businesses were eligible to take advantage of the scheme. If you... read more COVID-19 Update #114: Confusion over HMRC self-assessment payment on account letters
HMRC has been sending out letters to self-employed workers saying that their second payment on account for 2019-20 has automatically been deferred because payment wasn’t received by 31 July 2020. Earlier this year, it was announced that taxpayers will be able to defer... read more