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What is domestic reverse charge VAT? Domestic Reverse Charge VAT legislation (DRC) is a change in the way CIS registered construction businesses handle and pay VAT. It is being introduced in the UK on 1st March 2021, having previouslybeen delayed from October 2019. Why is it being introduced? The domestic reverse charge VAT procedure is
-> Continue reading Domestic Reverse Charge VAT for the Construction Industry
The UK will be leaving the European Union on the 1st January 2021 and there are new rules for businesses and citizens. Check out gov.uk/transition for detailed information on what to expect and how to prepare.
A record 527,000 businesses were in significant #financial #distress at the end of June, up 7% since the beginning of the year, and this issue is set to accelerate! Read the full article: https://bit.ly/30TuFof #insight #businesspractice #coronavirus
The government has announced a call for evidence for the fundamental review of the business rates system promised at the Spring Budget, seeking views on issues to be addressed, ideas for change and alternative taxes. The government is looking at ways to reduce the overall burden on businesses, improve the current business rates system, and
-> Continue reading ‘Fundamental’ overhaul of business rates in view
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