Heating and Ventilating

 

VAT change delay a win for members, says BESA

The Building Engineering Services Association (BESA) has welcomed the Government’s decision to delay the introduction of VAT Reverse Charging by one year to October 1, 2020.

The decision follows a joint letter sent last month to Chancellor of the Exchequer Sajid Javid, where BESA and other key industry bodies, led by the Federation of Master Builders, pressed the Government to delay the VAT changes that were originally planned to begin 1 October 2019.

BESA CEO David Frise said: 'This is a big win for our members. Thanks to the concerted advocacy efforts of the FMB, BESA, and other trade bodies, common sense has prevailed.'

'If the Government had not delayed the changes, many SMEs would have been caught off guard, facing increased burden and restricted cash flows while simultaneously bracing for the serious disruptions caused by the UK’s planned withdrawal from the European Union on October 31.'

'This gives us plenty of time to help businesses plan a smooth transition in the way VAT is charged by October 2020.'

Mr Frise said: 'While these changes have been delayed, it is important to remember they will still come into effect next year. So businesses must use this extra time to make sure they are fully prepared.'

‘‘BESA members will continue to receive regular guidance through monthly tax bulletins as well as template letters and invoices we have prepared to inform their supply chains.'

'Our members can also tune into our second free webinar on September 19 to receive plenty of practical advice.'

 

11 September 2019

Comments

Already Registered?
Login
Not Yet Registered?
Register

Ventilation guidance for hospitality sector

As the hospitality sector opens for business ventilation experts have released new guidance on steps businesses need to take to ensure systems are COVID-19 secure.

The guidance, issued by trade association BEAMA, stresses the need for effective ventilation alongside social distancing measures inside UK pubs and restaurants.

It provides key recommendations such as optimal settings for mechanical ventilation systems, effective toilet ventilation, centralised systems, ventilation maintenance and ventilating without a mechanical system.

  06-Jul-2020

LG introduces new round cassette for multi v VRF systems

LG continues to introduce new and efficient product additions to its range of air conditioning equipment. Its latest introduction is its new round cassette, particularly helpful in spaces with high or exposed ceilings....

  03-Jul-2020

Steam Room Generators from Humidity Solutions

A Vapac Steam Generator designed specifically for use with Steam Rooms in the UK.
  09-Jun-2020
Heating & Ventilating Review is the number one magazine in the HVAR industry. Don’t miss out, subscribe today!
Subcribe to HVR

Diary

FETA Annual Lunch
https://www.heatingandventilating.net/vat-change-delay-a-win-for-members-says-besa