October 8, 2019 0 Comments

  VAT domestic reverse charge for building and construction services delayed HMRC has announced a one-year delay to the introduction of the VAT domestic reverse charge for building and construction services. The reverse

September 9, 2019 0 Comments

  Trusts and Estates with small amounts of savings income In the latest Trusts and Estates Newsletter HMRC has confirmed the continuation of the interim arrangement for interest reporting. In 2016 the requirement

August 2, 2019 0 Comments

  VAT changes may cause construction chaos The Federation of Master Builders (FMB) is warning that a major change in the way that VAT is accounted for in the building and construction sector

August 2, 2019 0 Comments

  Private Residence Relief changes The government published draft legislation for the next Finance Bill including draft clauses on the changes to Private Residence Relief (PRR). The draft legislation is subject to consultation

April 7, 2019 0 Comments

  Update on Structures and Buildings Allowance Chancellor Philip Hammond delivered the Spring Statement on Wednesday 13 March 2019 amidst all the Brexit debates. In his speech the Chancellor provided an update on

December 13, 2018 0 Comments

  180,500 new homeowners benefit from stamp duty tax relief According to statistics published by HMRC more than 180,500 first-time buyers have benefitted from First Time Buyers Relief (FTBR). The relief introduced in

September 6, 2018 0 Comments

  HMRC warning: time to declare offshore assets HMRC is warning that taxpayers could face penalties if they fail to declare their income on foreign assets before new ‘Requirement to Correct’ legislation comes

September 6, 2018 0 Comments

  Stamp duty cut: 121,500 households save £284 million According to the latest statistics 121,500 first-time buyers have saved a total of £284,000,000 following the introduction of a relief for first-time buyers under

July 3, 2018 0 Comments

  New VAT rules for building trade in 2019 Under new VAT rules due to come in on 1 October 2019 builders, sub- contractors and other trades associated with the construction industry will

May 3, 2018 0 Comments

  Taking a lodger? Don’t forget to claim “rent a room” landlord relief HMRC are carrying out a review of rent a room landlord relief to discover whether the scheme, introduced back in