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Questions and Answers
Update: Reverse Charge for CIS
I have seen that the deadline for Reverse Charge for CIS has changed, what do I do now?
The new date for this coming into effect will be on 1st March 2021. This change is where VAT-registered subcontractors will no longer charge VAT on certain construction services to another VAT-registered business. Instead, the customer will ‘self-account’ for any VAT due – this is known as the Reverse Charge.
The changes were due to come in on 1st October 2020 but the changes are now delayed until 1st March 2021 due to the coronavirus pandemic.
HMRC recognises that some businesses will have already made changes to meet the needs of the reverse charge and cannot easily change them. Where genuine errors have occurred, HMRC will take into account the fact that the implementation date has changed.
If you have made changes to your set up or arrangements, please get in touch today and we can help you undo them and assist you with any further adjustments that maybe needed. We can also look after your bookkeeping and VAT affairs. Please contact us on 01257 277 999 or use our simple online contact form to arrange a free initial consultation.
Date published 4 Oct 2019 | Last updated 18 Nov 2020
This article is intended to inform rather than advise and is based on legislation and practice at the time. Taxpayer’s circumstances do vary and if you feel that the information provided is beneficial it is important that you contact us before implementation. If you take, or do not take action as a result of reading this article, before receiving our written endorsement, we will accept no responsibility for any financial loss incurred.
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