VAT reverse charge on construction services

VAT reverse charge

HMRC has announced a five-month delay to the introduction of the VAT reverse charge for construction services, due to the impact of the coronavirus pandemic. The new rules mark a complete overhaul of the way VAT is payable on building and construction invoices, as part of moves to reduce fraud in the sector. Under the … Read more VAT reverse charge on construction services

Payment dates to HMRC

HMRCnews and updates coronavirus (covid-19)

Payment dates to HMRC changed due to COVID-19 With the outbreak of COVID-19 gripping the nation HMRC have announced some changes to the payment dates for VAT and Self-assessment. I would like to take this opportunity to clarify that although there has been a change to the payment deadlines the returns still have to be … Read more Payment dates to HMRC

Coronavirus Support

HMRCnews and updates coronavirus (covid-19)

The Chancellor has set out a package of temporary, timely and targeted measures to support public services, people and businesses through this period of disruption caused by the Coronavirus. This includes a package of measures to support businesses including: a Coronavirus Job Retention Scheme deferring VAT and Income Tax payments a Statutory Sick Pay relief … Read more Coronavirus Support

CORONAVIRUS JOB RETENTION SCHEME

Coronavirus job retention scheme

The aim of the Coronavirus job retention scheme is to avoid people losing their jobs altogether, the government will reimburse 80% of the wage costs of “furloughed workers”, ie workers who are sent home and do not do any further work for the organisation. All UK employers, including charitable or non-profits, are eligible. Employers need … Read more CORONAVIRUS JOB RETENTION SCHEME

Accountancy Services

Local Chartered Accountants Accountancy services

At AJR & Co Ltd we offer a variety of accountancy services: As members of the Institute of Chartered Accountants in England and Wales, we prepare Statutory Accounts for your business with legal and relevant guidelines complying with the deadlines imposed by HM Revenue & Customs and The Registrar of Companies, where relevant. We work … Read more Accountancy Services

VAT Reverse Charge on Construction Services

VAT reverse charge

If your business operates CIS as a contractor or sub-contractor then you need to know about the VAT reverse charge that will come into force 1st October 2019. The key aspects of the reverse charge are: It will apply to standard and reduced-rated supplies of specified building and construction services made to VAT registered businesses, … Read more VAT Reverse Charge on Construction Services

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