Brexit was definitely going the affect VAT accounting. Probably there is no extension and the transition period will end on 31st December 2020. From 1 January 2021 we need to account for VAT as per the new guidance. Now the simplified rules will n...
December 04, 2020
The pandemic has caused large-scale loss of lives and severe human suffering worldwide. It is the largest public health crisis in the living memory of mankind, which has also created a major economic catastrophe. Production was at halt which affec...
December 02, 2020
Certain businesses have different VAT rates to take into account which demands more carefulness compared to those having a single VAT applicable. Building projects can have various VAT rates leading to complicated VAT calculations. As a result of ...
November 30, 2020
Winter has finally arrived and with it the fear of a fresh or second wave of infections all thanks to the coronavirus pandemic. With businesses in a virtual shut down mode due to the lockdown and sales pummeling it appears that the only thing busi...
November 27, 2020
There have been many changes that the government has been forced to make in light of the Covid 19 pandemic. In fact, the severity and the infectiousness has been disarming as one can see by the frequently changing government policy. On one hand th...
November 25, 2020