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I have been using the T21 Tax Code (CIS Reverse Charge - Standard Rate) for any sales invoices going out and any purchase invoices coming in wherever the Reverse charge applies. Is this correct, do I use the same code for sales and purchase invoices…
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…
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…
The way in which VAT is charged on construction services was due to change on October 1 2019, but after consulting with businesses in the construction sector, HMRC announced a 12 month delay to allow businesses to prepare. Read more >
