Search This Page

VAT Expert

View VAT Domestic Reverse Charge | Construction

VAT Domestic Reverse Charge | Construction

Just one month to go until the so-called “Domestic Reverse Charge” will apply to VAT-registered traders who are also registered to use the Construction Industry Scheme. Who’s Paying The VAT Bill? There has been an awful lot of commentary in the press claiming that from 1st October, building contractors will be lumbered with paying their…

Read More


View Buying Property Either Side of UK Borders

Buying Property Either Side of UK Borders

Property Borderline Benefits On The Borders Now that Scotland and Wales have their very own stamp duty taxes, buying property in the border areas between Wales and England, and Scotland and England, raises some interesting planning options. Let’s look at Llanymynech. It’s a village that straddles the border between Powys (Wales) and Shropshire (England). The…

Read More


View We’re The Accounting Solution For Large Businesses with £10m Plus Turnover

We’re The Accounting Solution For Large Businesses with £10m Plus Turnover

Here at Bracey’s, nothing pleases us more than helping large businesses maximise their profits. In fact, we like helping all sizes companies and all types of accounting needs. Bespoke Accounting For All Businesses We have a wealth of experience working with large businesses. In fact, we work alongside companies with turnovers in excess of £20m,…

Read More


View Misunderstanding VAT basics could cost a fortune

Misunderstanding VAT basics could cost a fortune

VAT Basics may catch you out You may be late with your VAT returns and not even know it. You may have miscalculated your VAT as well, and not even realise it. Either way, that may mean fines. And we can help with it all. VAT should always be calculated on a 12-month rolling amount….

Read More


View HMRC cracks down on online VAT abuse

HMRC cracks down on online VAT abuse

Fulfilment houses are being drawn into government endeavours to deal with the loss of revenue through online VAT abuse by traders based outside the EU. Therefore, from 1 April 2019, approved fulfilment businesses will be required to complete due diligence checks on their overseas customers and maintain records about the goods they store. HMRC have…

Read More


View Why investing in tax professionals is always your best option

Why investing in tax professionals is always your best option

Tax Professionals are your best option The UK tax code, the laws that govern how much tax we pay, is one of the largest in the developed global economies. Unless you have a reasonable grasp of the multitude of tax rules and regulations, attempting to manage your own tax affairs is like driving with a…

Read More


View Staff Spotlight – Meet Michele our VAT Expert

Staff Spotlight – Meet Michele our VAT Expert

We like to think we’re different here at Bracey’s. When people ask why, we tell them it’s our team that’s different. This is why we’re starting a staff spotlight feature where you can find out a little more about the team, what they do, what makes them tick and above all; how they can help…

Read More


View One day late VAT payment meant £297K fine

One day late VAT payment meant £297K fine

Have you heard the one about the £297,845 fine for late VAT payment by just one day? That’s right. In a recent court case a company was fined £297,845 for being one day late in paying their VAT. This only goes to show the unpredictable, and seemingly harsh outcomes of HMRC’s VAT surcharging rules. Why…

Read More


View Small Businesses Could Be Drawn Into The VAT Net

Small Businesses Could Be Drawn Into The VAT Net

The Office of Tax Simplification (OTS) published a report setting out a range of proposals for simplifying VAT. According to them, the tax is showing its age. What was meant to be a simple tax has become highly complex and it has not kept pace with changes in society. The biggest issue identified in the report…

Read More


  1. Pages:
  2. 1
  3. 2

Get in touch with us

Contact Us
Contact Us

© Copyright 2019 Bracey's   |   Web design by Strand PR