More people are working from home due to the pandemic, and many business owners are considering creating a dedicated home or garden office. However, there are several things to be considered before doing this. Tax on construction/conversion When building a dedicated office from scratch, for example, a garden office, or a part of your home … Continue reading What Should I Consider When Creating a Home/Garden Office?
On Wednesday 8 July 2020, the Government held an emergency mini budget to minimise the pain as the economy faces the challenges of the past few of months. The main priority on the agenda was unemployment rates, with the Chancellor announcing that he wants to ‘protect, support and create jobs.’ What’s changing? Furlough Scheme With … Continue reading New Support Announced by the Chancellor in His Summer Statement
The domestic reverse charge for building and construction services was originally planned to come into force on 1 October 2019, but this was delayed for a year in response to concerns that some businesses were not ready to implement the changes required. The introduction has now been delayed again until 1 March 2021. If you … Continue reading Further Delay in the Introduction of the VAT Domestic Reverse Charge for Construction Services
Personal Protective Equipment (PPE) is usually subject to a standard rate of VAT, but due to the current circumstances surrounding the coronavirus, the government have introduced a temporary relief. Between 1 May 2020 and 31 October 2020 you do not need to charge VAT on PPE. The government has put this measure in place to … Continue reading Do I Charge VAT on Personal Protective Equipment (PPE)?
During the March 2020 Budget, the Chancellor announced that you would not need to charge VAT on the sale of electronic publications (e-publications) from 1 December. However, following the outbreak of the coronavirus pandemic he has brought this forward to 1 May 2020. Electronic items that fall under this category include: booksbookletsbrochurespamphletsleafletsnewspapersjournals and periodicals - … Continue reading Do I Charge VAT on E-Publications?
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?