CIS VAT IS CHANGING! (DOMESTIC REVERSE CHARGE EXPLAINED)

Simple answers to important news. For any VAT registered business in the construction industry, the way VAT works is changing from 1st March 2021.
In this video Dan runs you through the changes that are coming, what you need to do, and how it affects your business.
Topics include:
Domestic Reverse Charge VAT
CIS Reverse Charge explained
Why are these changes happening
What are the changes to Construction Industry VAT
What do I have to do for CIS VAT
Do the new CIS VAT changes affect me
What do I need to put on my invoice for CIS VAT DRC
How to deal with the new CIS VAT domestic reverse charge
… and more!
If you have any questions on this, please comment below.
Link to the flowchart mentioned: www.heelanassociates.co.uk/wp...
Link to the blog: www.heelanassociates.co.uk/ci...
How to set it up in QuickBooks: • WHAT YOU NEED TO DO IN...
You can see more about what we get up to on the following:
LinkedIn (Dan): / danheelan
Instagram (Dan): / danheelan
Podcast: heelanhub.co.uk The HeelanHub Podcast, a show for small business owners.
Join our mailing list for tax tips at: www.heelanassociates.co.uk
Instagram (Company): / teamheelan
Facebook (Company): / heelanassociates
Twitter (Company): / heelanassocs
Web: www.heelanassociates.co.uk
Call: 02392 240040 Email: [e-mail]
#accounting #CIS #VAT#constructionindustry