11 December 2017
Tax Guidance for Build UK members – December 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 December edition includes:
• The announcement in the Budget that it looks likely that from October 2019 all VAT being paid between construction firms will be ‘reverse charged’, meaning VAT will be paid straight to HMRC
• Key features of Simple Assessment Calculations
• The importance to act if you receive a letter on reviewing the employment status of workers.