CIS - Reverse Charge Mechanism

CIS has been in for 50 years, but the introduction of the Reverse Charge Mechanism for VAT adds to what is already a complicated regime

[@tonia5364]

Great explanation. Thanks for taking the time to explain what is a difficult concept to get your mind around.

[@SSeren]

Thank you so much. Even though English is my second language and CIS tax calculation is my new task in my new job. I understood so well this complex reverse charge calculation. 👍😊 subcontractors = subby 😄

[@simongray2484]

Thanks glad you liked the video

[@luash5073]

Thanks so much Simon. This is actually the very first video I've come across that has helped me clearly understand what on earth reverse charge is. I've watched PLENTY of videos in the past and would still be left clueless so much thanks!

[@simongray2484]

Thanks, I’m glad you found it useful

[@SHENGUS.]

I accidentally signed up to CIS for a company I decided I wasn't going to use and was receiving CIS charges, getting a hold of someone from HMRC was scary at first but after explaining my situation they were very understandable and resolved my situation and cleared all the balances and shut the company down. Moral of the story is, KNOW WHAT YOU'RE DOING LOL.
Great content, I've subbed!

[@simongray2484]

Many thanks glad you’re enjoying the videos

[@ronmaren4135]

What if 5K of that invoice is the Materials and only 5K is the labour?

[@GouravKumar-tm8oi]

Pls sir ask Hindi speaking