Tag Archives: VAT

VAT Reverse Charge for construction – overview

VAT reverse charge

Big changes are coming to the way in which VAT is administered to the construction industry. From 1 March 2021 the CIS VAT Domestic Reverse Charge Measure will apply to supplies of construction work. Proposals: When the reverse charge applies the customer must account for the supplier’s output VAT This […]

Temporary reduction of VAT explained

The Government has today (15.07.20) temporarily reduced the VAT rate to 5% (from 20%) in order to support the hospitality sector on certain good or services. This reduction will apply to food and non-alcoholic drinks supplied by restaurants, pubs, bars, cafes and to hot take-away food outlets. The reduced rate […]

COVID-19 Business Support Update

business support

This week has been unprecedented in terms of daily updates of government support to businesses and individuals in the current climate. Literally things are changing on a daily basis. We are doing our very best to keep you updated and therefore please see below our latest updated summary where we […]