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VAT Reverse Charge

VAT domestic reverse charge 1st October 2020

The VAT reverse charge for construction is effectively an extension of the Construction Industry Scheme (CIS) and applies only to transactions that are reported under CIS and are between VAT-registered contractors and sub-contractors. The scheme means that those supplying construction services to a VAT-registered customer will no longer have to account for the VAT. Instead, the customer will account … Read more

Domestic reverse charge

VAT domestic reverse charge 1st October 2020

The domestic reverse charge is a major change to the way VAT is collected in the building and construction industry. Coming into effect on 1 October, 2020 it will mean the customer receiving the service should pay the VAT due to HMRC not the supplier. It will only apply to individuals or businesses registered for … Read more