The new “reverse charge” system of VAT accounting affects sub-contractors supplying their services to main contractors in the construction sector.
Value added tax may be one of the least glamorous types of tax, but there have been a few recent announcements that certainly make it a little more interesting.
A restaurateur from Warwickshire has been banned for five years after he underreported the business’s takings to avoid paying the correct tax.
Rishi Sunak announced his Spring Budget on 3 March 2021, and it was more positive than many expected.
The Chancellor recently announced that the temporary increase in the Annual Investment Allowance (AIA) for expenditure on plant and machinery has been extended to 1 January 2022.
If you own a holiday home in Europe that you rent out for part of the year, you may have to pay more tax on your European property thanks to Brexit.