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VAT – capital goods changes: what to look out for

2 minutes to readVAT-registered businesses that incur VAT on capital expenditure should be aware of new rules that came into force on 29 July 2026. These Capital Goods Scheme (CGS) changes aim to simplify the administration of VAT and reduce the weight on small businesses that have had to make CGS calculations. Assets currently covered by the scheme …

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Construction Industry Scheme (CIS) nil return changes

2 minutes to readThere is now a definite requirement for CIS contractors to submit a nil return to HMRC where no contractor payments are made in a tax month. With gaps between projects, seasonal work, and periods of inactivity, there are likely to be months when this should be done. This approach started in April 2026, but it …

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Great British Summer Savings VAT discount ends

< 1 minute to readThe Great British Summer Savings VAT discount scheme ends tomorrow. To avoid problems with VAT returns, businesses that took part need to make sure that till systems revert to 20% at midnight on Tuesday 1 September. The government started this initiative at the end of June to help families with the cost of living over …

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