Reverse charge VAT rules for construction sector started
The new “reverse charge” system of VAT accounting affects sub-contractors supplying their services to main contractors in the construction sector.
VAT updates for 2021 and beyond
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.
Dorset restaurant boss banned for tax evasion
A restaurateur from Warwickshire has been banned for five years after he underreported the business’s takings to avoid paying the correct tax.
Chancellor “levels” with us on tax in Spring Budget 2021
Rishi Sunak announced his Spring Budget on 3 March 2021, and it was more positive than many expected.
£1 million annual investment allowance extended
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.
European property owners face higher tax bills
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.