The VAT domestic reverse charge for construction services

From 1 October 2020 there will be a significant change to how suppliers in the construction industry supply chain account for VAT. The changes will apply to businesses making or receiving specified services that are reported under the Construction Industry Scheme (CIS).

Why the Change?

Problems with VAT Direct Debit Payments

With the holiday season in full flow, it’s very easy to understand how the attention of businesses in the Hospitality sector is rightly focused towards guests, from quick turnarounds on accommodation changeover days to making sure quality and supply of food and beverages meet the ever increasing standards of the UK holiday maker.

Employment Allowance changes from 2020 is open for discussion

Let us hear your thoughts...

I'll be hosting a CIPP think tank session on 9^th August in Carlisle to discuss the changes published, due to come into force from April 2020⁠.

Please do spare some time to read about the changes detailed below. 

I'm interested in the views of Armstrong Watson clients, especially those we provide payroll services to, on what you would expect from the payroll team.

Construction Retention's – it’s time for change

The construction retention is open to abuse, and contractors are potentially missing out on millions of pounds of unpaid invoices. Bill Bordill, a director at Escalate partner firm Decipher, explains why.

Have you reviewed your costings process recently?

Accurately knowing your costings is an essential part of running a successful business, particularly if you’re looking to make significant changes and grow. However, sometimes the need to make changes in your business also requires the need to change the way those costings are worked out too.

We recently assisted a long standing Manufacturing client with exactly this issue. The method they were using for costing their production of parts for the engineering industry was old fashioned and no longer fit for purpose.

Escalate is providing access to justice for thousands of SMEs.

Escalate innovate and award winning dispute resoltuon service is providing access to justice for thousands of small and medium sized (SMEs) businesses.

What a relief for entrepreneurs…

As a tax professional advising entrepreneurial businesses, one of the main subjects which repeatedly makes my phone ring, or sets off my email ping, is that of Entrepreneur’s Relief (ER).  

Casual Dining – Will the Sector Learn the Lessons from 2018?

Do not be in any doubt, 2018 was a difficult year for the hospitality sector, with around an 18% increase in the number of food and drink companies entering into an insolvency process. The trend does not appear to have gone away just yet, with the major casualty of the year so far being, arguably, Jamie’s Italian, which entered Administration in May, after failing to adhere to the terms of its Company Voluntary Arrangement rescue proposals.

The Countryside Productivity Grant Scheme is now open

Defra has announced that the second round of the Countryside Productivity Small Grant scheme is now open with a deadline for applications of midday on 3rd September 2019. 

Payroll Team Awarded Coveted Gold Standard for Third Time

Armstrong Watson's payroll service line has been accredited with the Chartered Institute of Payroll Professional’s Payroll (CIPP) Assurance Scheme for the third time.