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Karaoke time
Key points
- VAT rate for the hospitality will revert to 20% on 1 April 2022.
- Brexit VAT changes for service-based businesses were limited.
- Construction industry reverse charge seems to be working more smoothly than expected.
- All VAT-registered businesses must move to making tax digital from 1 April 2022.
It’s time for a Christmas sing-along. Not Christmas carols I am afraid but some well-known party numbers to remind us of the three major VAT changes that we had to deal with in 2021 and two other important issues which will take effect on 1 April next year. I have chosen six fantastic songs performed by top international stars so get ready to blast out these popular tunes.
Reverse charge for builders
My Way by Frank Sinatra
Despite a lot of protestations from builders accountants trade bodies and Uncle Tom Cobley the reverse charge rules for builders...
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