The festive season often sees an increase in activity for many businesses which may mean you need more hands on deck and seasonal work cover. Your first thought may be to take on more staff, perhaps on a fixed term or casual basis, but in some cases you can increase productivity by offering your existing … Continue reading How to Deal With Seasonal Work Cover
Like many employers, you probably like to treat your employees at this time of year by providing a Christmas Party, but to avoid any tax or VAT implications, you should make yourself aware of the rules. Entertainment for your employees is tax-free, providing it is available to all your staff, it’s an annual event and … Continue reading Is My Christmas Party Tax Deductible?
The particularly brutal weather we saw when the “Beast From the East” paid us a visit last year highlighted how unprepared many of us are for dealing with adverse weather conditions. And whilst a White Christmas is on many people’s wish-list, the disruption caused by bad weather can be costly for your business. The answer … Continue reading How to Prepare Your Business for Adverse Weather Conditions
Whilst you may enjoy letting your hair down with your staff at the annual Christmas Party, it is worth remembering that you are still the employer and, as such, responsible and, perhaps liable, for any bad behaviour. Any incidents of harassment, abuse or discrimination could have repercussions not just for those involved, but also for … Continue reading How to Avoid Legal Issues at Your Company Christmas Party
Where a VAT registered business entrusts an agent to act on their behalf, and an error occurs, who should HMRC hold as responsible? HMRC’s internal guidance regarding penalties is contained in their Compliance Handbook. The guidance directs that “where an inaccuracy in a document has been made despite the person having taken reasonable care to … Continue reading Who Is Responsible in the Eyes of HMRC?
HMRC has announced a one-year delay to the introduction of the VAT domestic reverse charge (DRC) for building and construction services. The DRC was set to come into effect on 1 October 2019. It has now been pushed back 12 months to 1 October 2020, due to fears that businesses in the construction sector are … Continue reading HMRC Applies Brakes to Domestic Reverse Charge
The implementation of the domestic reverse charge for construction services, which has caused much concern for the construction industry, has been delayed until 1 October 2020. Full details can be found here: Revenue and Customs Brief 10 (2019): domestic reverse charge VAT for construction services – delay in implementation. Please note: This article is a … Continue reading Update: VAT Changes for Construction Industry Delayed
Update: This has now been delayed until 1/10/2020. Find out more here. 1st October 2019 marks the introduction of the Construction Services Domestic Reverse Charge (CSDRC). The new rules are intended to counter what HMRC describes as ‘missing trader fraud’, where a trader reclaims VAT on purchases which the supplier has no intention of paying … Continue reading Major VAT Changes for the Construction Industry
Over the last few years, VAT on food has enjoyed more than its 15 minutes of fame in the tax spotlight. But with Making Tax Digital (MTD), it is something that cafes and sandwich bars would do well to look at again. Food or drink items which are sold hot at the point of sale … Continue reading VAT Warning for Cafes and Sandwich Bars
Where a business incurs expenditure which is passed on to a customer, it is important to recognise the difference between a Disbursement and Re-charged Expenditure. A cost incurred on behalf of a customer is classed as a Disbursement and is reclaimed from the client, but does not form part of the main supply of services … Continue reading Disbursement or Re-Charged Expenditure?