Deferral of VAT payments due to Covid-19

By KEW Team / October 30, 2020 / 0 Comments

It’s been an unprecedented year and Covid-19 has been devastating for some businesses as they struggle to survive through an ongoing situation which is likely to be with us for some time to come. Some people have lost their jobs with, unfortunately, more unemployment likely to follow in the coming months. The future remains unclear as we negotiate a second wave of the virus and the Government has stepped in with a number of packages designed […]

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Reverse VAT for construction firms delayed until March

By KEW Team / September 17, 2020 / 0 Comments

The start of a new scheme for the way construction firms handle their VAT for certain kinds of services has been pushed back from October 2020 until March 2021 due to the Covid-19 pandemic. The VAT Domestic Reverse Charge for Building and Construction Services means contractors will be required to pay the VAT directly to HMRC on the construction services provided by their sub-contractors. It’s an important change and one which businesses need to be fully […]

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