VAT reverse charge ‘should be delayed’

VAT reverse charge ‘should be delayed’

A major change to VAT in the construction industry could cause significant disruption to businesses unless it’s delayed, the Chartered Institute of Taxation (CIOT) has warned. The VAT domestic reverse charge is set to come into effect on 1 October 2019, and will...
Help-to-buy ISA closing date approaches

Help-to-buy ISA closing date approaches

First-time buyers have around four months left to open a help-to-buy ISA, before the scheme closes to new applicants on 30 November 2019. The help-to-buy ISA allows people to receive a 25% government bonus on savings they use to buy their first home, up to a maximum...
Open Banking and how this impacts Xero

Open Banking and how this impacts Xero

New EU standards, due to take effect from 14 September 2019, will change the way some banks connect to Xero. To comply with the new requirements, many of Xero’s bank feeds will be replaced by new direct feeds using Open Banking. What is Open Banking? Open Banking...
Acquisition activity suppressed by market uncertainties

Acquisition activity suppressed by market uncertainties

More than half of UK companies are said to be holding off mergers and acquisitions as market uncertainty causes a risk aversion. Chief amongst factors causing the uncertainty is Brexit and current risk appetite levels are the lowest since the financial crisis of 2008....
Private sector contractors warned about tax rises

Private sector contractors warned about tax rises

Sole traders and the self employed who work with the private sector will have to pay increased tax after the government said it would continue with plans to level the playing field between employees and those in the gig economy. From April next year it is estimated...
Research and Development Tax Credits

Research and Development Tax Credits

This widely publiscised tax relief is available for more than you realise. Have you considered your eligibility? Research and development tax credits have been around for some time now though many businesses are not making full use of the incentives with common...