VAT Reverse Charge

VAT Reverse Charge On the 1st of March 2021, the VAT reverse charge was introduced. Does it affect you? What is it? The VAT reverse charge means you will charge yourself VAT and then claim it back as input tax, which is subject to the normal rules. So, in theory, you are acting as both [...]

Budget March 2021

Budget 3rd March 2021 The Chancellors Budget announcement yesterday has confirmed that some of the current COVID-19 business help schemes will be extended. It also announced new schemes and restart grants that will help to kickstart the economy as we take the long road out of lockdown. Furlough Firstly, the Budget announced that the furlough [...]