VAT reverse charge and the flat rate scheme
10th November 2021 Posted by - Alexander Accountancy
There are special VAT rules for building contractors and sub-contractors that came into effect on 1 March 2021. The new rules make the supply of most
Category Archives: VAT
Completing a One Stop Shop VAT return
6th October 2021 Posted by - Alexander Accountancy
HMRC’s guidance on how to complete and submit a One Stop Shop (OSS) VAT Return from 1 October 2021 has been updated. The special VAT return should only be completed […]
VAT register inactivity
29th September 2021 Posted by - Alexander Accountancy
HMRC’s published guidance titled ‘Check genuine HMRC contact that uses more than one communication method’ has been updated. The list is intended to help taxpayers check if recent contacts purporting to be […]
VAT capital goods scheme overview
2nd September 2021 Posted by - Alexander Accountancy
The VAT Capital Goods Scheme (CGS) is a means of adjusting the initial VAT recovery in respect of certain assets over either 5 or 10 years. The scheme seeks to […]
Construction services and reverse charge
26th August 2021 Posted by - Alexander Accountancy
New VAT rules for building contractors and sub-contractors came into effect on 1 March 2021. The new rules make the supply of most construction services between construction or building businesses […]
Who can use VAT annual accounting scheme
18th August 2021 Posted by - Alexander Accountancy
The VAT annual accounting scheme is open to most businesses with a turnover of up to £1,350,000 per year. The main benefits of the scheme include the requirement to file […]
Who can use the VAT retail schemes?
21st June 2021 Posted by - Alexander Accountancy
VAT retail schemes are a special set of schemes used by retail businesses to account for VAT. The schemes are used by businesses that sell a significant amount of low […]
Building a new home and VAT
22nd June 2021 Posted by - Alexander Accountancy
The VAT DIY Housebuilders scheme is a special scheme that enables someone building their own home to benefit from special VAT rules that allow the
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