Launch of YouTube Channel To Provide MTD Support and Guidance for Small Business

Supporting clients has always been of the upmost priority for Lisa. With Making Tax Digital in mind, Lisa appreciates the differing challenges that businesses face in bringing their records into the Digital Era Last month we launched our Making Tax Digital (MTD) Toolkit for small businesses, sole traders and landlords to help you navigate to… Continue reading Launch of YouTube Channel To Provide MTD Support and Guidance for Small Business

VAT Deferral New Payment Scheme

VAT deferral new payment scheme – join from 23‌‌‌‌ February If businesses deferred paying VAT due in the period from 20‌‌‌‌ ‌March to 30‌‌ ‌June‌‌ ‌2020 and can’t afford to pay by 31‌‌ March‌‌ ‌2021, they can join the VAT deferral new payment scheme and pay their deferred VAT over a longer period. The online service… Continue reading VAT Deferral New Payment Scheme

Moving Goods to the EU

New rules for businesses moving goods to the EU You must declare any goods you send to the EU, providing details about what you’re sending and what it’s worth, using a customs declaration form. You can get a customs intermediary to help you do this. If you’re sending goods using a fast parcel operator or express… Continue reading Moving Goods to the EU

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Categorized as Brexit

HMRC answer Frequently Asked Questions on New Trade rules

New rules for businesses that trade with Europe are here. Now that the Brexit transition period has ended, all businesses that move goods between Great Britain and countries in the EU, or under the Northern Ireland Protocol, must follow new customs and tax rules since 1‌‌‌ ‌January 2021. HMRC have provided answers to some of… Continue reading HMRC answer Frequently Asked Questions on New Trade rules

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Categorized as Brexit

VAT Reverse Charge for Construction Services from 1 March 2021

From 1 March 2021 the domestic VAT reverse charge must be used for most supplies of building and construction services. The charge applies to standard and reduced-rate VAT services: for individuals or businesses who are registered for VAT in the UK reported within the Construction Industry Scheme What you need to do You’ll need to:… Continue reading VAT Reverse Charge for Construction Services from 1 March 2021