On 1st March 2021, the VAT rules which apply to the construction sector were completely overhauled, with the introduction of a new domestic reverse charge. The changes mean that for supplies that fall within the Construction Industry Scheme (CIS), the recipient rather than the supplier will account for the VAT. This represents a significant procedural change and it is crucial that organisations understand exactly how the reverse charge works and appreciate the added costs and resources required to apply it.
This comprehensive course clearly explains how the reverse charge mechanism works and when it should be applied to construction services. It will demonstrate how the administration of the reverse charge works and how this in turn affects the VAT return. Attending the course will ensure you and your organisation are able to clearly understand and apply the new reverse charge and that you can continue operating without making administrative errors.
