Professional Builders Merchant

The No.1 business information source for merchants

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.

{feature_image_alt_txt}

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

Home front with Howarth

Neale Brewster, Howarth Group’s Marketing & Product Development Director, discusses the ‘Howarth at Home’ showroom concept in an exclusive video interview presented by our colleagues at Kitchens & Bathrooms News which reveals how the timber & builders’ merchant continues to develop its complementary retail arm to target “additional, extra value business”. 

+ Read more

NMBS celebrates record-breaking year at 2014 Dinner Dance

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

+ Read more

DEWALT launches ‘Guaranteed Tough’ Help for Heroes Kit

Following the announcement of a new partnership with Help for Heroes, leading industrial power tools manufacturer, DEWALT, is releasing a Help for Heroes XR Li-Ion promotional Kit. The brand will donate £10 from the sale of each kit to supporting wounded, injured or sick Services personnel from the British Armed Forces.

+ Read more

Five years of construction growth forecast, but risk remains

The construction industry will grow 23% by the end of 2018 and contribute £12 billion to the UK economy over the next two years alone, according to the latest Construction Products Association Autumn Forecasts.

+ Read more

Brent Hudson confirmed as new Head at Twyford

Reporting to Anders Spetz, Chief Commercial Officer of Sanitec, Brent will have full responsibility for Twyford in the UK and Ireland.

+ Read more