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As a result of new anti-fraud rules being introduced by HM Revenue and Customs (HMRC), the way in which VAT is charged on construction services changes from next Monday, 1 March 2021 .
The good news is Sage 50cloud Accounts includes new features to…
Domestic Reverse Charge
The way in which VAT is charged on construction services changes from 1 March 2021 - Read more >
To assist with this new legislation, Sage 50cloud Accounts v26 and above has new tax codes:
T21 to be used where CIS Reverse…
The way in which VAT is charged on construction services will change from March 2021, as a result of new anti-fraud rules being introduced by HMRC. With just over a month left to go till these changes come into play, it is crucial that if you are in the…
In March 2021, HMRC is introducing the Reverse Charge for VAT, which will be a major change to the way VAT is collected in the building and construction industry. You can find out more about what's changing in our CIS common questions guide , in the HMRC…
