Domestic Reverse Charge for Contractors (DRC)
From 1st March 2021 the Domestic Reverse Charge (DRC) came in to effect for Building and Construction services. This had been set to come in to effect back in 2019 and 2020 but was delayed each time for various reasons. The basic principle of the Domestic Reverse Charge is to ensure a reduction in VAT fraud […]
Private Sector Contractors to pay more tax under IR35 changes
New IR35 tax changes came into force on the 6th of April 2021, which will see thousands of private-sector contractors pay more tax. IR35 or “Off-Payroll Working” is a term given to someone either in the public or private sector, sometimes known as a Contractor, who provides services through their own Ltd Company, Partnership, Personal Service […]