Building materials - reverse charge or not?

24th October 2024 by Joanne Stoneman

One of your subcontractors has sent their first invoice. He’s charged VAT on materials but not on the services because these are covered by the domestic reverse charge (DRC). Is the VAT charge on materials correct and if not what steps should you take?

ITSA refund security checks

11th October 2024 by Joanne Stoneman

You’re due an income tax refund of £1,200 from your 2022/23 tax return which you filed in December 2023. Unbelievably, the refund is still held up by HMRC’s security checks. How can you speed up the repayment?

Boost your family’s pension fund tax efficiently

10th October 2024 by Joanne Stoneman

Your spouse hasn’t paid into her pension fund since giving up work to have children. You’ve been told that you can pay contributions on her behalf. As a company owner manager, is it more tax efficient for you or your company to make the payment?