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vat;domestic reverse charge for building and construction industry
for about 7/8 years it works like this:
the invoices made to VAT number holders
(builders, tilers, etc.) must be without VAT.
vat pay the bill recipient.
all work for private customers or VAT number holders
who do personal work.
the invoice must include VAT
you have to pay the vat.
does not work google translate ....
I hope you understand
[automerge]1567622754[/automerge]
example: a builder builds his own house,
invoice must also include VAT
[automerge]1567623065[/automerge]
this procedure is for those who issued false invoices, took the money from the VAT and threw the bill into the basket.
without registering it, a cross-check was needed to find the evader.
Our electronic car tax took a while to get going but I'm sure it's better now.
Discuss the domestic reverse charge in the Canada Tile Advice area at TilersForums.com.
D
Dumbo
No but tell him to go as he is the one that will be dealing with it .
J
Just Rizzle
this could affect every one who is vat registered and cis registered just looked it up on gov web site
vat;domestic reverse charge for building and construction industry
B
Bill
Click the link below for info
www.gov.uk
Check when you must use the VAT domestic reverse charge for building and construction services
Find out about the reverse charge for supplies of services reported within the Construction Industry Scheme (CIS).
B
Bill
It is a tough read..........
I am not VAT registered so I don't have to read too hard!
Also, it will not affect consumers by the looks of it and only those that are VAT registered........ seems a funny way to collect excise duty but if it collects more than before then I can understand why they are changing it.
I am not VAT registered so I don't have to read too hard!
Also, it will not affect consumers by the looks of it and only those that are VAT registered........ seems a funny way to collect excise duty but if it collects more than before then I can understand why they are changing it.
If you're VAT registered anyway, you're charging (collecting) and passing it onto the government anyway, so surely reading and understanding this would only do you a solid. Because it's surely about where you don't need to pass it onto the gov....?
Ahhhh wait there. So like with new builds being VAT exempt some building in general is now?
No wait there that's not it either!! Pmsl
Always clear as a whistle with these changes aren't they lol
Ahhhh wait there. So like with new builds being VAT exempt some building in general is now?
No wait there that's not it either!! Pmsl
Always clear as a whistle with these changes aren't they lol
I
Italy
reverse charge
for about 7/8 years it works like this:
the invoices made to VAT number holders
(builders, tilers, etc.) must be without VAT.
vat pay the bill recipient.
all work for private customers or VAT number holders
who do personal work.
the invoice must include VAT
you have to pay the vat.
does not work google translate ....
I hope you understand
[automerge]1567622754[/automerge]
yes, but not for personal work.They don’t make it easy reading do they!
Looks like it applies to the vat registered selling to vat registered?
Maybe....
example: a builder builds his own house,
invoice must also include VAT
[automerge]1567623065[/automerge]
this procedure is for those who issued false invoices, took the money from the VAT and threw the bill into the basket.
without registering it, a cross-check was needed to find the evader.
Last edited by a moderator:
I
Italy
Wow I didn't know that was a thing! I haven't heard a single news outlet mention that here. Perhaps too scared they will be caught out doing something naughty if we all did it.
Our electronic car tax took a while to get going but I'm sure it's better now.
Steve_Bcs
TF
Looks like HMRC have delayed the reverse charge for 12 months due to so many in the construction industry who are either unaware or are not prepared yet for the changes.
www.gov.uk
Check when you must use the VAT domestic reverse charge for building and construction services
Find out about the reverse charge for supplies of services reported within the Construction Industry Scheme (CIS).
Reply to the domestic reverse charge in the Canada Tile Advice area at TilersForums.com
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