Welcome to Taxfile’s Autumn Newsletter for 2021. One of our biggest yet, it includes useful tax- and accountancy-related news that you need to be aware of, ways to save time or money – and much more. Take a look!

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Don't miss our latest newsletter. Published just this week, it includes several updates on the latest Government support for small businesses during the pandemic, including ...

The post Latest News on Gov. Grants, Support, Loans, Deadlines & More appeared first on Taxfile.

The domestic reverse-charge is a major change to the way VAT is collected by HMRC in the building and construction industry reporting under the Construction Industry Scheme (CIS).

It was being introduced to combat VAT fraud in the sector and the initial roll-out on 1^st October 2019 was delayed due to a combination of the sector being ill-prepared for the change and Brexit. The date was moved forward 12-months to 1^st October 2020 but due to COVID-19 the start date has been further advanced to 1^st March 2021.

At Taxfile, we will start contacting our VAT clients working under the CIS, in preparation for the 1^st March 2021 start date.

If you would like to know how to prepare your business for this, you will need to:

The post Further Delays on the Roll-Out of the Domestic Reverse Charge for the Building & Construction Services. appeared first on Taxfile.

The post Domestic Reverse Charge for VAT within the Construction Industry Scheme appeared first on Taxfile.