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.
New “reverse charge” VAT rules for construction sector
New VAT rules are finally due to come into effect in March 2021 which will impact on accounting for VAT for transactions in the construction sector.