The Government is introducing a VAT reverse charge on certain building and construction services. The legislation will come into effect on 1 October 2019. This is a very significant development which will present major challenges for many building contractors bringing a change to the rules for invoicing in the construction sector, it will be therefore…
The business of buying and letting property can be stressful for the unwary. There are plenty of traps to trip-up the unprepared landlord, so planning ahead will always pay dividends. But property investment is a long-term business and tax laws change sometimes with little notice and impact the profitability of the business, so a degree of flexibility…
If corporate clients own residential properties which are each worth over £500,000, they will be required to have completed an ATED ( Annual Tax on Enveloped Dwellings ) return, or made an ATED relief declaration for 2019/20. this is due by 30 April 2019. If full relief is not claimed for the year an ATED…
Commercial property is exempt from VAT which means that no Vat will be charged on the property sold and at the same token no Vat will be recovered on any costs incurred i.e. improvements, however there are some exemptions, e.g. commercial property less than three years old is standard rated . An owner can “…
It’s nearly half a century since the phrase ‘paperless office’ was first coined, yet as the demand for paper grows with every year that passes, one might be forgiven for thinking that this is still a distant dream. But was the idea ever feasible? Can offices ever be entirely electronic? One significant reason they cannot,…
When it comes to handling customer complaints, social media can now play an important role for businesses of any size. Interacting directly with an unhappy customer via Twitter or Facebook almost always creates a good impression of your business – it helps to re-establish trust which may have been lost and makes the individual who…