In just a few weeks, more than 150,000 businesses connected to the construction industry will have to make a fundamental change to the way they manage their VAT processes.
Although the world has been in lockdown, the Government still intends to launch the VAT domestic reverse charge for specified types of construction work from 1 March 2021.
The reverse charge applies to business-to-business supplies where both businesses are registered for VAT, there is an onward supply of construction and the parties are subject to the Construction Industry Scheme (CIS).
To help affected businesses prepare for these changes, we will be holding FREE webinars on:
Our expert team will provide the latest advice on reverse charge VAT including:
- How to make sure your accounting systems and software can deal with the reverse charge
- How the change could impact your cash flow and the steps you can take to prepare your business
- How to prepare your staff who are responsible for VAT accounting so they are familiar with the reverse charge and how it works
We expect the webinars to be extremely popular so please register now to secure your FREE place for your preferred date and time.