by THobbs | Aug 2, 2018 | News, VAT
Making Tax Digital for Business (MTDfB) is the government’s policy to move ALL business-related tax reporting online for a modern, digital tax system. The objective is to make tax reporting more accurate, more reliable, and more efficient. Making Tax Digital for VAT,...
by THobbs | Jun 22, 2018 | News, VAT
HMRC has published draft legislation proposing a VAT Reverse charge for construction services. This has been introduced in order to combat fraud in the construction sector, where VAT is not paid over to HMRC by the subcontractor/supplier. The legislation is currently...
by THobbs | May 3, 2018 | News, VAT
Disbursements can be added to invoices without the addition of VAT on top. However, we regularly identify the overuse of this. An item is only a disbursement if the cost is actually the customer’s legal responsibility to pay, and you have paid this on their behalf...
by THobbs | May 3, 2018 | News, VAT
Inconsistency is often experienced between what you may be able to claim in relation to VAT versus what you can claim for tax relief. The following is a summary of common VAT errors and misunderstandings which we regularly come across. Please note that in these...
by THobbs | Nov 23, 2017 | News, VAT
We are often asked the difference between bookkeeping and accounting. The work of a Bookkeeper and Accountant can overlap, as Bookkeeping is part of Accounting. We agree there are many similarities, but there is often a misconception that bookkeeping and accounting...
by THobbs | Nov 15, 2017 | News, VAT
We were delighted that our Commercial Director, Mike Foster, was asked to represent CRM and Entrepreneurship at Number 10 Downing Street. Enterprise Nation invited a group of business owners and ambassadors to meet with the Prime Minister’s business adviser to discuss...
