VAT News
The VAT Consultancy offered at Hawsons by our VAT specialist
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...
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...
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...
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...
Solicitors “SEARCH”ing For Answers
For new updated guidance please see article from THE LAW SOCIETY re-research fees. The Brabners LLP V HMRC First Tier Tribunal (FTT) case involved whether electronic, local authority search fees paid to Searchflow (a specialised online search agency) by Brabners were...
HMRC sets out rules for postponed VAT accounting if no deal Brexit
HMRC has confirmed that in the event of a no-deal Brexit, from 11pm on 29 March 2019, businesses registered for VAT in the UK will be able to account for import VAT on their VAT return rather than pay when, or soon after, the goods arrive at the UK border. This will...
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...
Tax Rates 2019/2020
We have summarised the key rates and allowances which are fundamental to our business and personal lives. We are sure that you will find them a useful point of reference and have set out below a few examples of how they can be used. Personal tax rates As the UK...
Top 10 Errors at VAT Inspections
VAT inspections used to be a fairly regular occurrence for VAT registered business owners and were often viewed as a terrifying and potentially costly experience. Whilst the regularity of VAT inspections has decreased significantly over the past 5 to 10 years, due to...
