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Aaron39

VAT reverse charge uk

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HI

With the charges coming for construstion VAT in the UK from October 2019 are you releasing a updated version before this?

OR is there a new imvoice template?? 

Kind regards

Aaron

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If you're referring to MTD, then yes, we'll have a release that includes it out soon. You can stay updated on our releases by subscribing to our newsletter at www.nchsoftware.com/software/newsletter.html or by following @nchsoftware on Twitter. 

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Thanks for your reply but I am refering to new changes 

VAT: domestic reverse charge for building and construction services.

domestic reverse charge for building and construction services that starts on 1 October 2019.

 

The domestic reverse charge (referred to as the reverse charge) is a major change to the way VAT is collected in the building and construction industry.

It comes into effect on 1 October 2019 and means the customer receiving the service will have to pay the VAT due to HMRC instead of paying the supplier.

It will only apply to individuals or businesses registered for VAT in the UK (although it will not apply to consumers).

This will affect you if you supply or receive specified services that are reported under the CIS.

 

 

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