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Announcements, changes and events which have caught our interest.

VAT reverse charge: Are you prepared?
VAT reverse charge: Are you prepared?

The VAT reverse charge for building and construction services will take effect as of 1 March 2021. The introduction of this domestic reverse charge has already been delayed twice but, despite calls that the construction industry is consumed in repairing the damage of...

The rise of the challenger bank
The rise of the challenger bank

We have all heard mention of challenger banks - the likes of Tide, Monzo or Starling, but what are they doing that's different? And are they really changing the game? Gone are the days of businesses paying in cash and cheques each week to a cashier behind a Perspex...

“Buy-to-let” business: Is it personal?
“Buy-to-let” business: Is it personal?

When it comes to setting up a “buy-to-let” residential property business, we are often asked what the best ownership structure is. The commercial activity is widespread and the taxation features involved are not straightforward, so it is hardly surprising. The...

More than a cashbook
More than a cashbook

It seems a long time ago that bank transactions were logged in a red cashbook. Back then, the quality of information was dependent on how neat and accurate the person writing up the book was. Over the last 15 years, fintech has enabled businesses to get up to the...

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