Important notice re VAT changes
Her Majesty’s Revenue and Customs is changing the rules for how VAT is calculated for businesses offering prompt payment discounts, with the new regime beginning in April 2015. At present, VAT is charged on the discounted amount regardless of whether the customer makes a prompt payment, but as of next spring the tax charge will be made on the actual amount paid. A discount is offered through the MRO agreement if the invoice is paid within 90 days.
Clarification on motorbike claims in FFMs
While we await further clarification from the Ministry of Justice on its next set of adjustments to the pre action protocol on fixed fee medicals, Premex would like to inform you that motorbikes and scooters will remain out of scope.
New management quartet appointed at Premex
Premex Group has made four new appointments to its management in support of the company's continued growth.
News review of the year 2014
The year rounded off with a bit of Labour opposition electioneering and the promise of a LASPO review, but which headlines caught your eye in 2014?