If your construction business is part of the Construction Industry Scheme (CIS) then the way you handle and pay VAT is likely to change as of 1 March 2021.
This was due to happen in October 2020 but was put back by HMRC due to the coronavirus (COVID-19) disruption.
Here’s a VAT domestic reverse charge checklist to help you prepare for the changes.
The VAT domestic reverse charge for building and construction services affects the supply of certain kinds of construction services in the UK.
Both contractors and subcontractors are affected.
It means VAT registered subcontractors (suppliers) who provide
This post was originally published on this site