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21 August 2019
The Chamber network has successfully lobbied the Government to automatically issue all VAT-registered companies with an Economic Operator (EORI) number. In the event of a no-deal Brexit on 31 October all UK businesses will need an EORI number to import and export with customers in the European Union – but the onus was on each individual company to apply for one. It had been estimated that arou...
20 August 2019
The Government plans to change VAT rules for building and construction services from 1 October this year, writes Lexi Shore, FCA, CTA, DChA, Partner, A C Mole & Sons Chartered Accountants & Chartered Tax Advisers. The change will affect businesses which buy and sell construction services. It is estimated that up to 150,000 businesses could be required to apply the new rules which will wor...