22 July 2020| CATEGORIES: Making Tax Digital, VAT| TAGS: Making Tax Digital, MTD
The government has published a future roadmap for the extension of Making Tax Digital, impacting businesses below the VAT registration threshold.
24 June 2020| CATEGORIES: building and construction services, domestic reverse charge, VAT| TAGS: domestic reverse charge, new VAT rules
HMRC has announced that the introduction of the domestic reverse charge for construction services has been delayed again to 1 March 2021 due to the impact of the COVID-19 pandemic on the industry. The DRC imposes a significant administrative burden on businesses affected by the change.
15 June 2020| CATEGORIES: e-Commerce, Tax, VAT| TAGS: e-commerce, VAT
The European Commission has decided to postpone the entry into force of the VAT e-commerce Directive to take account of the difficulties that businesses and Member States are facing due to the Coronavirus crisis.
24 September 2019| CATEGORIES: building and construction services, domestic reverse charge, VAT| TAGS: domestic reverse charge, new VAT rules
HMRC has announced that the introduction of the domestic reverse charge for construction services has been delayed by 12 months and will now be introduced with effect from October 2020. The domestic reverse charge imposes a significant administrative burden on businesses affected by the change.
24 June 2019| CATEGORIES: building and construction services, domestic reverse charge, VAT| TAGS: domestic reverse charge, new VAT rules, VAT News
HMRC has published new guidance on the VAT domestic reverse charge for building and construction coming into effect in October 2019. The VAT reverse charge is a major change to the way VAT is collected in the building and construction industry.
