Category Archives: VAT

Autumn 2021 Budget: what does it mean for your small business?

The Autumn Budget 2021 was announced on 27 October 2021, but what does it mean for your small business? Well, for starters, most of the main announcements were leaked in the days leading up to the Budget, and some changes for 2022 onwards were announced in the Spring Budget 2021. But let’s look at the […]

Domestic Reverse Charge VAT for the Construction Industry

As if we didn’t have enough to work through at the moment, here’s more changes for the Construction Industry, coming into force 1 March 2021   1. What’s it all about? On 1 March 2021 there are new domestic reverse charge (DRC) rules coming into force for the construction industry. The aim is to reduce fraud […]

Food, Accommodation and Attraction VAT Rate Cut to 5% from 15 July 2020

On 8 July 2020 The Chancellor announced a Mini-Budget to support people and businesses as we rebuild from the Coronavirus Pandemic. In this blog I will focus on the Food, Accommodation and Attraction VAT rate cut to 5% which is active from Wednesday 15 July. Check out our more recent blog on the VAT increase to […]

Reverse Charge VAT for Construction, do the new rules affect me?

What is it, and when does it take effect? It’s the “Domestic Reverse Charge VAT for Construction Services“, and it’s meant to stamp out missing VAT from the construction industry. It comes into force from 1 October 2019. So not the most fun blog to write, or read for that matter, but it’s important stuff, […]

Making Tax Digital – Are You Ready to get Started?

Making Tax Digital starts 1 April 2019 for all VAT Registered Businesses. Are you ready to get started? In our latest Making Tax Digital blog we can announce that Xero’s Making Tax Digital Pilot is now live, so you can jump onboard! Find out more about MTD here, how much it’ll cost you here, and what […]