Daily Archives: February 8, 2021

The domestic reverse charge for VAT on construction services

Domestic reverse charge VAT legislation is about to change the way CIS registered construction businesses handle and pay VAT.  From 1 March 2021, many contractors in the construction industry will stop paying VAT to their subcontractors.  Instead, the contractor will pay the VAT directly to HM Revenue & Customs. This “domestic reverse charge” (DRC) will…

Funding help for businesses affected by COVID -19

With so many schemes and deadlines floating around, we thought it might be useful to share this helpful summary of the main grants and schemes currently available to small businesses and the self-employed affected by the pandemic (mostly taken from the FSB website. Remember, hardship grants and funding are also available at local authority level…