VAT: domestic reverse charge for building and construction services

On 1 October 2019, a new law will introduce a major change to the way businesses in the construction industry will charge VAT. The new rules should be considered by sub-contractors, contractors and any parties which have any work done to any...

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VAT in the construction industry

The way VAT is accounted for in the construction industry will change from 1 October 2019. Draft legislation has been published, along with a variety of guidance notes, explanatory documents and policy papers. In this article we will work through...

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Autumn Budget 2018 – VAT groups

Supplies between members of a VAT group are disregarded for VAT purposes, which can be a great advantage on many levels. Under current UK rules, only corporates are eligible to join a VAT group. In addition, the current UK rules are currently...

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Autumn Budget 2018 – VAT anti-avoidance: insurance intermediary services

Suppliers of qualifying insurance services do not charge VAT on their supplies, including those who provide intermediary services between the insurer and the insured.  This is true whether the supplier is established in the UK, elsewhere in the EU...

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Autumn Budget 2018 – VAT on unfulfilled supplies

The government is concerned that prepayments for goods or services which are never delivered to the customer are resulting in VAT being collected by the would-be suppliers but not being paid to HMRC.  For example, where no supply is made, there is...

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