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: https://www.heelanassociates.co.uk/wp-content/uploads/2021/02/DRC-Flowchart.pdf Link to the blog: https://www.heelanassociates.co.uk/cis-reverse-charge-explained/ How to set it up in QuickBooks: https://youtu.be/_RoiNnyJKTE You can see more about what we get up to on the following: LinkedIn (Dan): https://www.linkedin.com/in/danheelan/ Instagram (Dan): https://www.instagram.com/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): https://www.instagram.com/teamheelan Facebook (Company): https://www.facebook.com/HeelanAssociates Twitter (Company): https://www.twitter.com/HeelanAssocs Web: https://www.heelanassociates.co.uk Call: 02392 240040 Email: [email protected] #accounting #CIS #VAT#constructionindustry