![]() The supplier and customer are not connected. ![]() The customer intends to make an ongoing supply of construction services to another party.Both supplier and customer are registered for the CIS.The supply is made between a UK VAT registered supplier and UK VAT registered customer.The supply is made at the standard or reduced rate of VAT.There is a supply for VAT of construction services and materials.This measure only applies to construction supplies made by a business to another business.Īpply the reverse charge when all the following are met:.Under the CIS DRC, the customer accounts for the supplier's output VAT.The measure had been due to commence in October 2019, but was Delayed twice due to Brexit and the Coronavirus. The Construction Industry VAT Domestic Reverse Charge (DRC) measure applies to supplies of construction work from 1 March 2021. This is a freeview 'At a glance' guide to the Construction Industry VAT reverse charge. Subscribers click on CIS: Construction Industry reverse charge for your detailed version of this guide with worked examples, templates and client questionnaires. What is the Construction Industry Scheme (CIS) VAT reverse charge? What are the rules? Who does it apply to?
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |