If you run a business, you might be unsure whether it’s worth voluntarily registering for VAT and taking on the extra accounting responsibilities.
Actually building new houses, rather than doing up existing ones, is one of the most rewarding aspects of the property game – and it’s got some serious tax benefits, too.
Too many people with great ideas and drive let themselves get held back by fear of crossing the VAT threshold. We’ve set out the pros and cons in plain English to help you make plans to grow in 2021.
From 1 March, businesses who work within the construction industry scheme (CIS) and are VAT registered will have to apply the VAT reverse charge. Here are 10 things you need to know about it to be prepared.