Posts Tagged: covid support

VAT Domestic Reverse Charge

(6 Minute Read) New rules for VAT in the construction industry. What is it? The VAT Domestic Reverse Charge is the new way VAT is handled in the construction industry. This new system has been designed to reduce fraud in the construction industry. It works by stopping VAT being collected as work is done along… Read more »

Budget 2021: Key points

(8 Minute Read) What the budget means for you in a nutshell Personal Tax. Increase in personal allowance in 2021/22 up to £12,570, then frozen at that level until at least 2026. Higher Rate threshold increased to £50,270, and frozen at this level. There are no changes in the ISA subscription limit, meaning you will… Read more »