19 Aug

New VAT Rules For The Construction Sector

 New VAT rules for the construction sector

A new set of VAT rules specifically for the construction industry will be introduced from 1 October 2019. The aim of the
new “Construction Reverse Charge” is to cut down on fraud in the sector and will have quite wide ranging effects for businesses.
.
The domestic reverse charge will only affect supplies at the standard or reduced rates where payments are required to be reported
through the Construction Industry Scheme (CIS).
.
Therefore, supplies between sub-contractors and contractors, as defined by CIS, will be subject to the reverse charge unless they
are supplied to a contractor who is an end user.
www.payswell.co.uk
E-Mail: Hi@Payswell.Co.Uk
Phone: 0800 1707774
 
Address:
Payswell Ltd
Co-Work Borough
Three Tuns House
109 Borough High Street
London
SE11NL
#pay #payroll #payrollservices #payswell #payrollsolutions
#paye #cis #umbrella #contractor #construction
#constructionworker #agency #recruitment #hardworkpaysoff