The introduction of the domestic reverse charge for construction services represents a fundamental shift in the approach to collecting VAT in the building & construction sector. It was originally due to take effect from 1 October 2019 but was delayed until October 2020. Now, due to the impact Coronavirus has had on the sector, HMRC have decided to delay it further until 1 March 2021. [...] Read More

Over the past 3 months the government has responded to the devastating financial impact of Covid-19 on businesses with a number of packages of support to help businesses of all sizes – SMEs, the self-employed and also larger businesses. [...] Read More

The Chancellor announced changes to the Coronavirus Job Retention Scheme (“the furlough scheme”) on Friday evening, which is now set to be open to the end of October. [...] Read More

Clearly, the most pressing, current issue for most businesses in the UK at the moment, is the impact of COVID-19; how to deal with lockdown and what will happen in the future. However, unless there is a radical change in Government policy, Britain will exit the Brexit transition period on 1 January 2021 and trade barriers will come into force. This means that businesses trading goods cross-border between the EU and UK will have to submit customs declarations and goods will be liable to checks at the border. As things stand, this will include transactions between GB and Northern Ireland. [...] Read More

Cash Flow comes second, Client Confidence third. [...] Read More

As the Government starts to plan their exit strategy to gradually lift the lockdown, how can you prepare your business? [...] Read More