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Statutory Residence Test: determining your UK tax residence status

Posted by on 12.2.23 in Uncategorized

The Statutory Residence Test is the process that determines the UK tax residence status of individuals with connections to the UK, whether they live in the UK or not. It was introduced by HMRC on April 6th 2013. The Statutory Residence Test, while complex, is vital when it comes to understanding your UK tax residence […]

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VAT on Food and Drinks for Restaurants and Cafes

Posted by on 10.14.21 in Knowledge Base

From 1st October 2021, a reduced (12.5%) rate of VAT was applied to supplies of food and non-alcoholic drinks from restaurants, pubs, bars, cafes, and similar premises across the UK. This reduced VAT rate will remain for six months before returning to the full 20% rate in April 2022. You charge VAT at 0% on […]

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What is VAT reverse charge in the construction sector?

Posted by on 1.3.21 in Knowledge Base

VAT reverse charge rules came into effect on 1st March 2021, altering the way businesses operating the Construction Industry Scheme (CIS) and who are VAT registered present their invoices. These new rules are complex, and you’ll need to be aware of what they may mean for your business’s sales invoices and VAT returns. What is […]

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