How the VAT Reverse Charge operates in the building trade ? STEPS IF YOU ARE A SUBBIE OR SOMEONE HIRING A HIRING A SUBBIE 1. The charge for services by the sub-contractor does not include VAT on the services. 2. The VAT registered sub-contractor issues an invoice to the principal, which shows all the same…
What are the benefits of moving to the cloud for your accounts ? The benefits of moving to the cloud accounting for your business are 1. Mobile access at any time With cloud accounting, you can access your accounts and key figures at anytime, from anywhere. When you use an old-fashioned, desktop-based system, you are…
Do I pay tax on share options at work ? A share option is a right that your employer grants you to acquire shares in the company. The shares may be at no cost to you (nil option) or at a pre-determined price your employer sets (the option price). You must pay on any gain you make on…
