VAT Domestic Reverse Charge for Construction Services

VAT Domestic Reverse Charge for Construction Services Heard about the VAT domestic reverse charge (DRC) and wondering what all the fuss is about?  Don’t worry, it sounds more complicated than it really is.  Basically, it’s a rule change in how VAT is handled in certain industries, like construction.  It’s mainly there to stop tax fraud, […]

From Vans to Cars: Understanding the Latest HMRC Rules

You may recall back in our March 2024 newsletter we discussed the Government’s decision to class double cab pick ups as cars and then a week later for them to go back on this decision.  Now, in a U-turn crazier than Swindon’s magic roundabout, and likely overlooked by most in the Autumn 2024 budget, our […]

VAT Registered – Are you considering it?

What is VAT? Value Added Tax is a government tax on goods and services, and it’s based on the increase in value of a product or service at each stage of production and distribution. The rate of VAT depends on the nature of the goods or services being sold and purchased. It was initially brought […]