Pay VAT deferred due to coronavirus (COVID-19)

Pay VAT deferred due to coronavirus (COVID-19)

Pay VAT deferred due to coronavirus (COVID-19) Did you defer VAT payments last year? If so, now is the time to decide whether to pay in full or join the VAT Deferral New Payment Scheme service. The service is open online now and you can choose to join it (opt-in) and...
Domestic Reverse Charge VAT for Construction

Domestic Reverse Charge VAT for Construction

HMRC have introduced a new VAT legislation for the construction industry which comes into effect today (1st March 2021). Domestic Reverse Charge or DRC is a new way of accounting for VAT and will apply to all VAT registered construction businesses in the UK. To sum up...