by Sarah KT5 | 4th February 2020 | KT5 Construction News
Let’s face it, no one likes paying taxes. We begrudgingly accept it as a necessary evil. Because of this, over the years there has been a stereotype that builders prefer payment in cash, and that paying builder in cash means they don’t have to pay the tax. While there...
by KT5 Construction | 23rd June 2019 | KT5 Construction News
When Does My Builder Need to Charge VAT? The basic rule about paying VAT for a company is based on their turnover, so if a business turnover is in excess of £85,000 they need to be registered for VAT and will charge it on their goods and services. The current rate for...
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