South East Property Newsletter Issue 1 now available
The first issue of our South East Property newsletter is now available to read!
With the changing economic landscape, construction remains a vital part of the UK economy, particularly in the South East.
This new quarterly newsletter from the Construction & Real Estate team at Carpenter Box seeks to cover the latest news, trends, challenges and opportunities facing the sector. The first issue of our South East Property newsletter covers:
Domestic Reverse Charge: our top tips
After being delayed twice, the new VAT Domestic Reverse Charge (DRC) went live on 1 March 2021. Over the past six months, our VAT team have seen a number of recurring issues with the DRC. We cover the most common issues affecting construction businesses, with our top tips on addressing them.
Global plans for infrastructure spending
James Giblin from investment company LGT Vestra offers comments on infrastructure spending and plans from around the world.
Landlords: what are the implications of MTD?
Making Tax Digital (MTD) is the new requirement for businesses to keep accounting records ‘digitally’ and make their electronic submissions to HMRC. This is already in place for VAT registered businesses and has been running for 2 years already. Making Tax Digital for income tax will be introduced from April 2024 and we provide an overview of the implications for landlords.
Construction tax updates
We cover the latest tax updates impacting construction businesses including the super-deduction, cladding tax consultation and SDLT cases.
House Price Growth
The Office for National Statistics has recently released the House Price data for July 2021, with year-on-year
growth from 2020, but a dip compared to the previous month. We summarise the house prices changes
across the UK, with a breakdown by region.
Building Materials and Construction Output
The Department for Business, Energy & Industrial Strategy recently released their monthly statistics of building
materials and components. This is coupled with the ONS data on Construction Output and Employment for July 2021.
If there is anything in this publication that you would like to discuss further then please contact our team on 01293 227670.