HMRC postpone VAT reverse charge for builders until 2020

HMRC has announced a one-year delay to the introduction of the VAT domestic reverse charge for building and construction services. The reverse charge represents part of a government clamp-down on VAT fraud. According to the government, large amounts of VAT are lost...

When is a van not a van for tax purposes?

HMRC are being urged to provide clarity and consistency on the tax treatment of commercial vehicles such as VW Kombi Vans marketed as goods vehicles. The need for clarity follows the ruling in an important tax tribunal case involving “vans” provided to employees of...

Important upcoming tax deadlines

Below are important tax deadlines that you need to be aware of: 1 September 2019 – Corporation tax for the year to 30/11/18 (unless paying quarterly) 19 September 2019 – PAYE & NIC deductions, and CIS return and tax, for the month to 5/9/19 (due 22/09...

Limitations of tax relief when you sell your home

It is a commonly held point of view that when you sell your home you won’t pay any tax, and in particular, that you won’t pay any Capital Gains Tax on the difference between the purchase and sales prices. Unfortunately, there are circumstances when this is...