We are delighted to announce details of our ‘Reverse Charge VAT’ webinar taking place at 2pm on Tuesday 9 March 2021
Reverse Charge VAT will start on 1 March 2021
- Are you aware of the implications for your business?
- Is your firm VAT and CIS registered?
- Do you work for, or supply work to, businesses who are VAT and CIS registered?
- Do you have subcontractors who supply you with work who are VAT and CIS registered?
If the answer to any of these questions is yes, you will need to know whether to reverse charge the VAT on invoices and applications for payment going out, and whether your subcontractors and suppliers should reverse charge the VAT on their bills to you. An introduction to CIS registration can be found on the Government website here
Many main contractors will be returning invoices unpaid which are not reverse charged.
- Should you be refusing to pay VAT to subcontractors?
In this 40-minute session, our presenter, Liz Bridge of the Joint Tax Committee of Construction (JTC) will explain what reverse charge is and how it works.
Liz was formerly a senior inspector of taxes but became head of tax at the Construction Confederation in 1990. Since 2009 she has works as secretary to the JTC and worked for the industry with HMRC to design reverse charge and ensure that it is workable.
The JTC is a grouping of 14 trade federations in Construction that exists to employ a specialist to advise on and teach those taxes that impact Construction.
There is no cost for CAB members and their guests to attend the webinar and there will be ample time for a Q & A session at the end of the presentation.
To register – please reserve your place(s) by emailing email@example.com.
How to join – the meeting link will be circulated nearer the time and we look forward to hearing from you.
Membership Services – JTC
As part of the membership package, members have access to a free Taxation Helpline run by Liz Bridge by calling 020 8874 4335 and confirming that they are a CAB Member.
The JTC also produces a monthly Newsletter which details the tax changes that are imminent and as well issues that are currently being encountered by companies within the Construction Industry.
The February edition is attached which sets out the path for determining which VAT rules apply. More information and previous editions of the JTC Newsletter can be found here