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VAT: New Accounting Procedures for Construction Industry Companies

You might have read that new procedures are being introduced on 1 October 2019, which affect any VAT-registered construction business that does the following: Buys in construction services from other builders and makes an onward supply of those services to another customer eg where a subcontractor invoices the main contractor on a project, and the…Read More

NO TAX CHANGES ANNOUNCED IN SPRING STATEMENT

Despite the continuing uncertainty surrounding Brexit the Chancellor delivered his Spring Statement on 13 March. The purpose of this statement is to update the House of Commons and the country on the state of the economy; it is not intended to include any major tax announcements, and none were made by the Chancellor. As already…Read More