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VAT changes trigger major industry concern, warns NMBS

NMBS Managing Director Chris Hayward reveals that there is great concern being expressed across the industry in relation to a major change to the treatment of VAT and Prompt Payment Discounts.


A statement from NMBS outlines the following:

Currently businesses can issue invoices that give details of the amount of the prompt payment discount and its terms and show the VAT due calculated on the discounted price. If the discount is not taken up HMRC has not required businesses to alter the amount of VAT invoiced and accounted for.

From 1 April 2015, Businesses will have to charge VAT on the… + Read more

Bigger and better branch for BSS Industrial Birmingham customers

BSS Industrial customers in Birmingham are enjoying all the benefits of a bigger and better branch, packed with more products and with expert staff on hand to offer the very best advice, says the company.

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Covers has Mearlink Interiors’ van covered

Covers Timber and Builders Merchants, with a depot on Home Farm Road, Brighton, has announced the winner of the ‘We’ve Got Your Van Covered’ competition.

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Wolseley UK on the fast track to fuel savings

A project which saw tracker devices fitted to Wolseley UK’s entire distribution centre fleet has resulted in a 20% reduction in fuel consumption.

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Home front with Howarth

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NMBS celebrates record-breaking year at 2014 Dinner Dance

NMBS has shown in spectacular style that business and pleasure can and do mix.

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