K A Moore FCCA
CHARTERED CERTIFIED ACCOUNTANT
Your making tax digital / cloud based accounting solution
1 October 2019, VAT: The Construction Services Domestic Reverse Charge (“CSDRC”)
CSDRC applies to transactions wholly within the UK. Like similar rules that have applied for some time to supplies of certain high-risk goods such as mobile phones and computer chips.
The new regulations are intended to counter “missing trader fraud”. This is where a trader reclaims as input tax on purchases an amount of VAT that the supplier has no intention of ever paying over to HMRC.
Please contact this practice if you require any further information.
Addendum: The domestic reverse charge for building and construction services due to be introduced nationwide on October 1, 2019 is to be delayed for another 12 months, until October 1, 2020.
The first quarters under making tax digital for VAT (MTD), 30/06/2019, 31/07/2019 and 31/08/2019 have been, or are about to be, filed. If you are experiencing issues with updating your accounting systems for MTD then please do not hesitate to contact us for details as to how we can help you and your business.
Making Tax Digital for VAT - Streamline the process
From 1 April 2019 all businesses with a turnover above £85k must submit their VAT returns online: welcome to HMRC's "Making Tax Digital".
Your Accountant is already set up for Making Tax Digital and ready to assist you and your business to be compliant and to be in control of your business.
Our software will enable a business to fully understand what transactions make up the VAT you owe, or are owed.
Also; compared to other making tax digital services the your accountant solution does not require you to perform any data entry.
It will also enable regular management accounts to be available to help you monitor and grow your business.
And to further help you and your business, year end accounts and tax return filing are also handled by our software.
Oh... and payroll!
Contact your accountant today for further information and details of our services.
From a hamlet in a shire, I provide accountancy and taxation services, as well as payroll, bookkeeping and VAT services to a variety of clients across Leicestershire and surrounding areas.
An efficient, friendly and professional chartered certified accountant and micro entity business specialist for owner managed businesses, limited companies, partnerships, sole proprietors / traders and private individuals.
This practice keeps up to date with current business and taxation developments together with innovations in modern technology and software and can advise on cloud accounting, cloud payroll and making tax digital.
Please do not hesitate to contact me for further information.
Telephone / Message: 0770 305 7050 Email: firstname.lastname@example.org