HMRC introduced the VAT domestic reverse charge procedure that shifts VAT liability from the supplier to the customer. These rules affect companies that operate within the Construction Industry Scheme (CIS) (with a few exceptions that we’ll detail later on) and have an impact on VAT compliance, as well as
Every company must display its company name on the outside of every office or place in which its business is carried on - even if it is a director's home. The name must be clearly displayed and must be both conspicuous and legible. Although the use of brass name plates
Sole traders and partnerships Sole traders and partnerships that are not registered companies are required to display and disclose detailed information about their businesses when they use a business name that is not their surname (with or without forenames or initials), or one that does not use the names of
On 15 March 2023, Chancellor Jeremy Hunt presented his first Budget to Parliament and set out a plan to reduce inflation, grow the economy and get government debt falling all whilst avoiding a recession and tackling labour shortages. Below we set out some of the main points. COST OF LIVING
In the UK, HM Revenue and Customs (HMRC) allows you to claim business expenses under the term “subsistence allowance.” But what is included in a subsistence allowance? What is not? And how can you claim it? What is a subsistence allowance? Subsistence is defined as the act of sustaining yourself,