Many who take on construction projects assume that the VAT on building work is 20%, as in most other cases. However, there are specific instances in which this tax can be reduced to 5%, vastly increasing the profit gained from the endeavour. Both builders and developers must be aware of which instances this may occur, […]Read More
Starting on 1 October 2019, a new legislation by HMRC is coming into force that will influence the construction industry. Its purpose is to change the way VAT liability is handled for construction businesses, introducing a reverse charge that is supposed to make the process far clearer. How it works As of now, the VAT […]Read More
When it comes to smart tax management, handling your shares in your company can prove to be crucial. If you have a spouse, you can definitely benefit by providing them with a share, whether they’re involved in your business or not. This can work to improve your tax bill, but the main question is this: […]Read More
Managing the stocks of your company is pretty delicate business. With various regulations in place, HMRC aims to exert a certain degree of control over how the stocks of your business are managed and taxed. There are a set of specific rules that govern when it is acceptable to utilise the goods of your company […]Read More
When running a company, family or otherwise, effective tax planning can help you out a lot. Tax avoidance, while not exactly illegal, may raise a few eyebrows at the HMRC, but that’s far from the only way that you can effectively manage your tax efficiently to ensure maximum gains. One option seems particularly viable for […]Read More
Cryptocurrencies such as Bitcoin are still a relatively new addition to the world of finances and, as such, the rules surrounding them aren’t completely clear as of now. It was a quick development that was difficult to predict and prepare for, and thus the issue of taxing Bitcoins and other cryptocurrencies is still mostly up […]Read More
Paying your taxes is one of the most fundamental obligations you have as a citizen of any country. It goes without saying, then, that not paying your taxes will result in a penalty. In the case of the UK, the HMRC has been aligning penalties for most taxes ever since 2008. Among the regulations established […]Read More
Running a business in the UK might be considered smooth sailing, but it’s not a process devoid of formalities and responsibilities. This is, of course, very important to keep track of in order to make sure everything is running in accordance with legal regulations. One of those that is relevant to construction work in particular, […]Read More
Britannia Accountancy is a professional and proactive firm that have served all my financial requirements for the past 5 years. It is highly tailored to my needs and there is always someone available if any queries or questions need answering. A professional, friendly and supportive service that I can highly recommend.
I’ve been using Britannia Accountancy Service for well over 10 years for all my businesses. We’ve been extremely happy with their personal service. You know who you’re speaking to and you get replies and work done quickly. I would be very happy to recommend BAS to any small or medium business like ours.
I have referred quite a few people to BAS and in difficult situations, we got used to “Well, call them; they will know how to deal with this”. This is, in my understanding, a very good indication of the level of service
As a new company formed just six months ago we have been very lucky to have had Britannia Accountancy Services recommended to us. BAS have been a great help to us in these early stages of our business. They are helpful, offering good advice and have always responded very quickly when we have asked for help. In addition, our payroll and VAT returns have been completed in good time and professionally presented. We would happily recommend them to anybody.
We have been a loyal customer of Britannia Accountancy for over 5 years. Service provided always to perfection, timely procedures, sound advice and support whenever needed. BAS have a very professional and knowledgeable team in many additional fields, including export, customs and global trading. They provide excellent support in Russian and English which is a real bonus. Very highly recommended.