VAT

COVID-19 left many businesses facing financial hardship in 2020. As a way to ease some of the pressure, HMRC allowed the payment of VAT due between 20 March 2020 and 20 June 2020 to be deferred until 31 March 2021. …

Construction Industry Scheme (CIS) VAT Domestic Reverse Charge has started this month   Why is it being introduced?  The domestic reverse charge VAT procedure is an anti-fraud measure designed to counter sophisticated criminal attacks on the UK VAT system. It…