If you’re a contractor or subcontractor working in the building trade, the VAT Domestic Reverse Charge (DRC) is one of those rules that causes more head-scratching than almost any other. The truth is, it doesn’t change how much VAT is ultimately due - it changes who pays it over to HMRC. But getting it wrong on your invoices can lead to errors, cash flow surprises, and unwanted attention from HMRC. This guide continues our series of simple explainers designed to help you navi

July can often bring confusion and surprise for UK taxpayers dealing with payments on account. Following on from our recent blog post on Making Tax Digital for Income Tax Self-Assessment and what that will mean for you as a Self Assessment tax payer, this next guide in our series we'll clearly explain what payments on account are, who needs to make these payments, how they're calculated, and provide straightforward worked examples to make it simple to understand. Read on to f