Construction Industry Service – VAT Domestic Reverse Charge (DRC)
What is the CIS VAT Domestic reverse charge (DRC)? HMRC announced the implementation of the Construction Industry Service VAT (DRC) domestic reverse charge from 1 October 2020. The Construction Industry Service VAT (DRC) domestic reverse charge is a new accounting procedure. This will affect builders if both the supplier (sub contractor) and customer (contractor) are VAT registered, Builders who are not VAT registered can ignore the changes. If you are VAT registered and supply services to a non VAT registered…
1 Comment
21st October 2019
