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VAT reverse charge on construction

VAT reverse charge on construction

Applicability VAT reverse charge will apply to standard and reduced-rate supplies of building and construction services made to VAT registered businesses, who in turn also make onward supplies of those building and construction services. From 1 March 2021, You must...
What is the optimal salary level?

What is the optimal salary level?

Optimal Salary Level When deciding on what level of salary to pay, it is important to remember that while there are some general rules, there is no “one size fits all”. Assuming that the director’s personal allowance is available and not otherwise...
How are employees taxed on benefits-in-kind?

How are employees taxed on benefits-in-kind?

Employees in the UK are chargeable to income tax on their net taxable earnings. These earnings are made up of the employees’ cash earnings, such as their salaries, wages and any bonuses, as well as any benefits-in-kind they might receive. Benefits-in-kind is non-cash...