11 July 2017

Tax Guidance for Build UK Members – November 2017

Members can access the Construction Industry Joint Taxation Committee’s (JTC) monthly tax guidance newsletter as a key benefit of Build UK membership.

Members often register the difficulties they face in complying with changes to taxation rules and regulations, and can now access the JTC newsletter which is publicised monthly on Newsline and includes guidance on challenging issues and direct responses to taxation queries.

The November edition includes:

• Preparing for Making Tax Digital (MTD) which becomes compulsory for all VAT registered businesses from April 2019

• HMRC have advised that from 13 January 2018, they will no longer accept payments from personal credit cards due to a change in EU law

• From 1 November 2017, any returns not in the correct iXBRL format for Corporation Tax returns, will be rejected unless special exceptions or dispensations apply

The full newsletter can be viewed here. If you have a query relating to items in the newsletter, please contact Liz Bridge.