As the internet makes it increasingly easy to buy and sell goods and services abroad, overseas transactions are becoming commonplace for many of our small business clients. Here we look at how to deal with these transactions from the perspective of UK VAT.
Read moreIs My Crowdfunding Campaign Income Taxable? Crowdfunding has become a very common way to finance projects. The UK has experienced a sharp spike in equity crowdfunding volume since 2013, raising under £30 million to reach £550 million in 2020. Businesses and individuals can access alternative funds for their projects via various crowdfunding platforms in the […]
Read moreIf you are working in the UK’s construction industry, then you may have heard of the new VAT reverse charge system coming 1st March 2021. To understand how the changes may affect you – we’ve put together a summary. The full name of the new system is the “VAT domestic reverse charge for building and […]
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