In anticipation of the April 2021 changes to IR35, the delayed introduction of the private sector off-payroll working rules, HMRC has recently published regulations (SI 2020/1150)…
The VAT domestic reverse charge, commonly known as the reverse charge, for building and construction services is being introduced from 1 March 2021.
You will need to prepare for this change by:
- Checking whether the reverse charge affects either your sales, purchases or both
- Contacting your regular clients or suppliers to let them know
- Making sure your accounting systems and software are updated to deal with the reverse charge
We have pulled together frequently asked questions for you which we hope you find useful. Any questions on the reverse charge, please do not hesitate to contact VATadvice@pkf-francisclark.co.uk