Yearly Archives: 2019

Industry representatives have raised concerns that some businesses in the construction sector are not ready to implement the VAT domestic reverse charge for building and construction on 1 October 2019. To help these businesses and give them more time to prepare, the introduction of the reverse charge has been delayed for a period of 12 months until 1 October 2020. This will also avoid the changes coinciding with Brexit. Further… Read Article →

The above position has now become available within our practice. If you have experience as a Practice Accountant and would be interested in applying for this position please send your CV to iane@alexbursk.co.uk

VAT: NEW ACCOUNTING PROCEDURES FOR BUILDERS / SUBCONTRACTORS You may have read that new procedures are being introduced on 1 October 2019 which will affect any construction business where the contractor and subcontractor are both VAT registered. Under current rules, a builder charges VAT in the usual way. This is changing for supplies of both labour and materials between these businesses. The subcontractor will invoice the contractor without charging VAT…. Read Article →