Chancellor considers online sales tax for e-commerce retail sector

HMRC

VAT reverse charge for the construction industry postponed until March 2021

The Government has officially announced that the introduction of the domestic VAT reverse charge for the construction industry has been delayed until 1 March 2021 because of the impact of the coronavirus pandemic. The VAT reverse charge was due to be introduced in October 2020 and would see an end to subcontractors receiving VAT payments …

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HMRC updates tax guidance for waiving income and bonuses and charitable giving

The move comes after research revealed that an increasing number of people were choosing to give up all or part of their income despite not understanding the tax implications. What are the rules? Employers, directors and employees have the right to waive their salary or bonuses, known as a “waiver of remuneration”. In these situations, …

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