Martin Aitken & Co Ltd News & Developments

Martin Aitken & Co: news and comment

VAT update: reverse charge from Oct 2019, things to watch out for in your VAT return, MTD for VAT and VAT explained video series.

Please note: on Friday 6 September HMRC announced that the introduction of the Reverse Charge would be delayed for a year, until 1 October 2020 >read more. HMRC say the delay is to give affected businesses more time to prepare.

The existing rules (i.e. no Reverse Charge for construction supplies) will continue to apply until then. If you have any query regarding this please contact our VAT Manager This email address is being protected from spambots. You need JavaScript enabled to view it..

 

VAT change coming for construction industry

The new measures are being introduced to reduce VAT fraud and evasion by placing the responsibility for VAT on the customer. HMRC believe that some small VAT-registered suppliers are charging VAT to their customers, but not then paying the VAT on to HMRC.

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Martin Aitken & Co @ The Gathering 2019

The Gathering 2019

 

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What is VAT and the importance of VAT awareness

In this short video, Iain Johnston, VAT Specialist at Martin Aitken & Co, provides an introduction to VAT and explains why businesses and charities need to ensure that they deal with this tax correctly.

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