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Construction Industry VAT Reverse Charge
This is a new scheme brought in by HMRC to combat fraud within the construction industry. It is aimed at preventing sub-contractors claiming the VAT on their sales invoices and then not paying it over to HMRC. From 1 March 2021, it will be the responsibility of the...
Making Tax Digital (MTD) for Income Tax
From 6 April 2023, all self-employed businesses and landlords with an annual income of over £10,000 will need to follow the 'Making tax digital' rules for income tax. This means you will need to file your return through third-party software. This involves filing...