Category Archives: VAT

Autumn Statement 2022

Introduction "British families make sacrifices every day to live within their means, and so too must their Government, because the United Kingdom will always pay its way." - Chancellor Jeremy Hunt As Jeremy Hunt took to the dispatch box just 34 days after taking on the role of Chancellor of the Exchequer, all eyes were…
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Year End Tax Guide 2021-22

Year End Tax Guide 2021-22 How to use this guide Throughout 2021/22, COVID-19 has continued to dominate. Millions of employees and directors on payroll were furloughed, and the self-employed continued to rely on grants available via the income support schemes. Arranging your financial affairs as tax-efficiently as possible before the start of the new tax…
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Autumn Budget 2021 (Downloadable PDF Summary)

As you are no doubt aware the government's Autumn Budget was on 27 October this year. Unfortunately the headline grabbing reduction in Business Rates only applies to England. Here in Northern Ireland, we'll have to wait to see what our friends in Stormont choose to do! Below is a link to our downloadable PDF Summary…
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THE NEW VAT RULES FOR CONSTRUCTION SECTOR START ON 1 MARCH 2021

INTRODUCTION New VAT rules are due to come into effect this March which will impact on accounting for VAT for transactions in the construction sector. The new rules are called “the domestic reverse charge for supplies of building and construction services”. The new “reverse charge” system of VAT accounting will affect sub- contractors supplying their…
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