The way in which VAT is charged on construction services will be changing on 1st October 2019 and around half of the construction businesses in the UK are expected to be affected.
Under the new domestic reverse charge rules, businesses supplying construction services must not charge VAT where their customer:
- Is registered for VAT; and
- Will use the services to make an onward supply of construction services.
The new rules will apply to work such as construction, alteration, repairs, demolition, installation of heat, light, water and power systems, drainage, painting and decorating, erection of scaffolding, civil engineering works and associated site clearance, excavation, foundation works.
Some works will not be covered, these include professional services of architects or surveyors, or of consultants in building and engineering.
Join us to learn if you will be affected, what it could mean for your business and get prepared!
To prepare for the 1 October 2019 introduction date you need to:
- check whether the reverse charge affects either your sales, purchases or both
- make sure your accounting systems and software are updated to deal with the reverse charge
- consider whether the change will have an impact on your cash flow
- make sure all your staff who are responsible for VAT accounting are familiar with the reverse charge and how it will operate
Date: Wednesday 25th September 2019 2.00pm to 4.00pm (Refreshments Provided)
Venue: Essex Chambers of Commerce, 34a Star Lane, Great Wakering, Essex SS3 0FF
Cost to attend: £40.00 + VAT Members and £75.00 + VAT Non-Members