Domestic reserve charge for construction services to be delayed
The domestic reserve charge was supposed to come into action on 1 October 2019. However, representatives from the construction industry have raised concerns that some companies are not ready for the changes. Therefore, the government have decided to delay this for 12...
Credit Where Credit’s Due
CREDIT WHERE CREDIT’S DUE This note explains HMRC’s new rules from 1 September 2019 for adjustments to VAT following increases or reductions in the price of goods or services. Reason for the change There is evidence that some businesses are trying to use the current...
Exporters Need to be Prepared for a Potential no Deal Brexit
Deal or no-Deal Exporters need to be prepared If/When the UK leaves the EU, the rules on the shipment of goods will change. Shipping goods from the UK to EU member states will be known as exports rather than dispatches. It is possible that the UK will agree...
How will the VAT reverse charge for construction work?
A domestic reverse charge will be introduced from 1 October 2019 to tackle VAT fraud in the construction industry. Tony Nickson, VAT Consultant at Hawsons, explains what this will mean for businesses. What is a reverse charge? In a nutshell the reverse charge is where...
