VAT reverse charge for building and construction services (CIS)

VAT reverse charge for building and construction services (CIS)

From the 1st of March 2021, if you are VAT registered and work in construction, you must ensure you are prepared for the VAT reverse charge.

The charge applies to services which are reduced-rate and standard rate VAT.  It applies to both individuals and businesses (Ltd Companies) who work within the Construction Industry Scheme (CIS).

Found out more here –

https://www.gov.uk/guidance/vat-domestic-reverse-charge-for-building-and-construction-services

Written by : Super User

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