Phoenix Debola Accountancy Practice

Accountant | Tax Specialist
Phoenix Debola Accountancy Practice has written 148 posts for Phoenix Debola

CIC in a nutshell

A community interest company (CIC) is a special type of limited company that exists to benefit a community or to pursue a social purpose. Pros: Its social/community purpose commitment is clear. Its assets are locked and only available to be used for the company’s social objectives, and it is regulated by the CIC regulator. These … Continue reading

NEW VAT RULES – BUILDING TRADE

From Oct 01, 2019, VAT-registered subcontractors in the building trade are no longer allowed to charge VAT to VAT-registered contractors. Note that the end-user customers you provide services to are not affected so you must carry on charging them VAT. THE following list shows what the new invoices issued to VAT-registered contractors from Oct 01, … Continue reading

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